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= Introduction =
= Energy Situation =
== Brexit ==
There is a spectrum of possibilities for the UK’s future relationship with the EU ETS, ranging from continued membership, through to linking, or to full separation
= Renewable Energy =
== Nuclear Energy ==
The UK government has announced 4 nuclear-mix projections under the Carbon Plan. The total installed capacity is expected to be around 16-75 GW
= Fossil Fuel =
= Key Problems of the Energy Sector =
= Policy Framework, Laws and Regulations =
UK' energy strategy focuses on the following agenda:
*Low carbon innovation
*Exploiting Renewable sources
*Investing in new nuclear power
*Creating a CC-Storage
*Reform the markte
== Polices ==
*'''EU‘s Large Combustion Plant Directive , 2001''': Under this Initiative., many old coal power plants were shut down and emission form large thermal plant was reduced.
*Climate Change Levy (CCL) 2001: CCL is applied to fuel sources other than renewables such as gas, LPG, electricity and coal. The rates of the levy depend on the energy content of hte different energy products. The purpose of the levy is to encourage energy efficiency and help UK meet its energy targets.
*Climate change Act 2008 : overall targe to 80% reduction of GHG of 1990 levels by 2050
**Budget 1 (2008–12): 3018 MtCO2e (25% below 1990 baseline)<br/>
**Budget 2 ( 2013–17): 2782 MtCO2e (31% below baseline)<br/>
**Budget 3 (2018–22): 2544 MtCO2e (37% below baseline by 2020 )<br/>
**Budget 4 (2023- 2027): 1959 MtCO2e (51% below baseline by 2025)<br/>
**Budget 5 (2028- 2032): 1725 MtCO2e (57% below baseline by 2030) – after Brexit Overall target of reducing GHG by 80% of 1990 levels by 2050.
*European Union (EU) Directive 2009/28/EC: This directive requires each EU member state to increase the share of renewable energy in its gross final consumption. such that the overall EU target of 20% share of renewables in achieved. The directive also include a target of 10% renewable energy share in transport. <br/>UK, under this directive is set to achieve at least a 15% renewable energy share by 2020.<br/>
== Policy Instruments ==
=== Climate Change ===
*Carbon Tax 2013-2020: Carbon tax, known as the carbon price floor, was introduced in 2013 to charge fossil fuel power plants for their carbon emissions. As of 2018, the carbon tax is £18 ($25) per ton of carbon dioxide emitted in producing electricity. Since UK is also a member of [https://ec.europa.eu/clima/policies/ets_en EU's emission trading scheme], it also pays a market-based price for for carbon credits, which is about £5 per ton of CO2. Whenever the carbon price in the EU’s Emissions Trading System (ETS) is less than the U.K. price floow — which has been essentially all of the time since 2012 — the producers pay the difference to the British Treasury. <ref>http://www.telegraph.co.uk/business/2017/11/15/carbon-tax-thrusts-britain-towards-top-low-carbon-energy-league/</ref><ref> “Where Carbon is Taxed.” Carbon Tax Center. n.a. https://www.carbontax.org/where-carbon-is-taxed/. Accessed 3 March 2018.
=== Renewables - Electricity generation ===
*Renewables Obligation (RO) 2002: It requires electricity generators to source a proportion of their electricity from eligible renewable sources.
*[[Feed-in Tariffs (FIT)|Feed in Tariffs (FIT) 2000]]
*Contract for Difference (CfD) (2014): This policy aims to replace the RO introduced in 2002 and is designed to suport large scale renewable generation (more than 5 MW). It is based on the difference between the market price and an agreed “strike price”.If the “strike price” is higher than a market price, the CfD Counterparty must pay renewable generator the difference in amount. If the market price is higher than the agreed “strike price”, renewable generator must pay back the CfD Counterparty the difference in amount<ref name="https://bit.ly/2HJvfcr,,">https://bit.ly/2HJvfcr,</ref><br/>
=== Heat ===
*Renewable Heat Incentive (RHI) - It provides incentives to install renewable heating in place of fossil fuel based heating systems.<ref name="https://www.gov.uk/government/publications/2010-to-2015-government-policy-low-carbon-technologies/2010-to-2015-government-policy-low-carbon-technologies#appendix-5-the-renewables-obligation-ro">https://www.gov.uk/government/publications/2010-to-2015-government-policy-low-carbon-technologies/2010-to-2015-government-policy-low-carbon-technologies#appendix-5-the-renewables-obligation-rofckLR</ref>
=== Transport ===
*Renewable Transport Fuel Obligation (RTFO) 2002: Under this policy, suppliers of transport and non road mobile machinery (NRMM) fuel in the UK must show that a percentage of the fuel they supply comes from renewable and sustainable sources. Fuel suppliers who supply at least 450,000 litres of fuel a year are affected. This includes suppliers of biofuels as well as suppliers of fossil fuel.
*Preferential Tax Regimes for Biofuels (2002)- reduced exercise duty for biofuels
*Biofuels Duty Incentive (2002)
*Bio-energy Capital Grants Scheme (2002)
Because of all these different measures, UK businesses already have the second highest energy bills in the EU. These social polices add 20% to the energy bill.
= Institutional Set up in the Energy Sector =
= Further Information =
= References =
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