Editor Editors Chairman Andrew Schofield Editor Libbie Hammond libbie@schofieldpublishing.co.uk Staff Writers Jo Cooper Joshua Younespour Andrew Dann Editorial Administrator Emma Crane
The UK to date has installed more offshore wind capacity than any other country in the world – so we are already embracing green energy
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The UK
Chancellor of the Exchequer’s Autumn Statement came out around a week before this issue, and while I received a flurry of reaction comments, most of them were in response to the areas of Infrastructure and Productivity. For the energy sector Greenpeace commented that there were ‘some glimmers of hope in the money for electric vehicles and a stable carbon floor price that will help phase out coal.’ Taxation changes were welcomed by Ronan Lowney, Managing Associate at national law firm Bond Dickinson LLP, who said the ‘Autumn Statement reaffirms the government’s commitment to facilitating the oil and gas sector in what is still a challenging time.’ On the topic of energy, the CBI stated: “Having maintained the freeze to the Carbon Price Support, government must continue a close dialogue with industry to forge a clear long-term carbon price trajectory. Additionally, firms will be looking for clarity on the future of the Levy Control Framework in Budget 2017.” More work needed there by the sounds of it. So there was some positive news for UK oil and gas, but as Greenpeace also noted: the Autumn Statement did little to boost the UK’s credibility as a global leader on climate action. And as our feature from DONG Energy in this issue states, the UK to date has installed more offshore wind capacity than any other country in the world – so we are already embracing green energy. It looks to me like the UK has a massive opportunity here – what do you think?
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