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UK Energy Policy

UK Energy Policy. July 2010. All countries face three interlinked challenges in energy/ climate change. Tackling climate change. Maintaining affordability. Ensuring secure supplies. Globally, this means moving from low to high carbon in a time of increasing demand. Global Emissions to 2050.

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UK Energy Policy

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  1. UK Energy Policy July 2010

  2. All countries face three interlinked challenges in energy/ climate change Tackling climate change Maintaining affordability Ensuring secure supplies

  3. Globally, this means moving from low to high carbon in a time of increasing demand Global Emissions to 2050 Global Fossil Fuel Demand to 2050 Global Emissions (Gt) Global Demand (MToe) The low carbon and energy transition will lead to huge economic opportunities – market worth £3.5T in 2008/9

  4. The UK has set itself clear goals Carbon budgets: Renewables goals: Long term goal: 80% emissions reduction from 1990 Interim trajectory: 3 X 5 year carbon budgets Renewables goal: 15% of our energy renewable by 2020 We are asking the CCC for advice on whether the UK should go further

  5. As a result – our task is a clear, secure path to 2050 at lowest cost Possible pathway: Target Emissions captured1 Note: Emissions include all Kyoto greenhouse gases, and includes emissions from international aviation and shipping. 1 Emissions are removed through Carbon Capture and Storage, and through the production of biomass for energy

  6. What can we learn from our analysis of the pathway to 2050 We will need to push hard in all sectors Maximise efficiency opportunities Big transition in ‘supply’ sectors – electricity/ heat and transport Role of low carbon electricity likely to grow – possibly double Smaller sectors and sequestration opportunities become increasingly important in the very long term

  7. Our programme Demand/ consumers Existing energy efficiency measures in homes and small businesses Fuel poverty measures – including Warm Front/ social tariffs Supply • EU ETS + liberal energy market: • Renewables rollout • Renewables Obligation/ FITs, support for supply chain • Nuclear power • Support to tackle the supply chain/ overcome barriers to delivery • CCS/ fossil fuels • CCS demonstrations

  8. How the coalition agreement will begin to tackle some of the major issues Demand/ consumers • Green Deal • Help homes improve energy efficiency – includes innovative financing • Driving change in technology for transport and heat • Reduce government carbon emissions by 10% within 12 months Supply • Reform of electricity markets • Floor price for carbon • Feed-in tariffs • Emissions Performance Standards (EPS) • Establish a Smart grid / Offshore grid / ‘Energy Internet’ • Public support for four CCS demonstrations • Introduce gas and electricity security of supply guarantees

  9. Electricity market reform Combination of measures – our task to set out detailed design Floor price of carbon Emission performance standard Capacity guarantee Renewables Obligation / Feed In Tariff This will be developed alongside a Green Investment Bank Investment needed – around 4-5 times the current run rate Coalition programme

  10. Questions: • What do you think about the aims of UK energy policy? • What do you see as our major gaps and how should we address them? • How should we further tackle demand reduction? • What should we do to move to low carbon supplies?

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