Boosting Energy IQ: UK energy efficiency policy for the workplace
UK Energy Policy
15
UK Energy Policy Philip Pearson www.tuc.org.uk
description
UK Energy Policy. Philip Pearson www.tuc.org.uk. UK Energy Policy Framework. 2008 Climate Change Act Legally binding targets 34% cut in CO2 emissions 2020 60% by 2030 80% 2050 Independent Committee on Climate Change 4 x 5-year Carbon Budgets. UK – carbon budget cuts. - PowerPoint PPT Presentation
Transcript of UK Energy Policy
UK Energy PolicyPhilip Pearson
www.tuc.org.uk
2008 Climate Change Act Legally binding targets
◦34% cut in CO2 emissions 2020◦60% by 2030◦80% 2050
Independent Committee on Climate Change◦4 x 5-year Carbon Budgets
UK Energy Policy Framework
2012: 574 MtCO2e
2030: 310 MtCO2e ◦ = 60% reduction on 1990. ◦= 46% reduction over the next 20 years ◦= 62% cut 2030 -2050 to meet 2050
target.
UK – carbon budget cuts
Energy supply: energy mix and CO2 intensity
Surface transport: road • Domestic Energy Efficiency • Industrial Energy Efficiency
Greatest effort needed - 4 priority sectors
Power = 25% UK greenhouse gases £110bn investment needed C02 target for 2013 Energy Act:
◦2030 = C02 intensity 50-100g ◦2012 = 500g CO2 KWH
New Energy Legislation 2013
Energy: Policy vs political risk
Policy Risk
2020 RE target: 15% energy/30% electricity
CCS [4 pilots] for coal & gas &industry
Coal plant closures New nuclear “dash for gas” Green Investment
Bank EU = ETS reforms
“Greenest government ever”
RE hostility◦ Public investment◦ Balance Regulation vs
Market Austerity > GIB Lobby
◦ Investors “gaming”◦ Oil & gas lobby
Anti-EU
TUC Energy Policy in Transition
Energy Industry
“Balanced” energy supply – renewables, new nuclear, CCS for coal & gas
Green Investment Bank CO2 tax/floor price FITs No to shale gas “Green Deal” domestic
energy
Greening the workplace Skills for low carbon
economy Energy intensive
industries CCS – regional networks On-site power
generation Low carbon vehicle
manufacture
Yorkshire 60 MT C02 carbon cluster Regional CCS network: CO2 Sense Reliable/flexible low carbon energy supply. “Industrial security” Low-carbon economy/jobs. Developing key skills and expertise. Attracting direct investment.
CCS: power & industry clusters
“Carbon price floor” 2020 (£30/tCO2) 2030 (£70/tCO2)
“is consistent with longer-term emissions targets and should strengthen incentives for
emission reductions.” [CCC] Recycling revenues?
UK carbon tax
14
Carbon Revenue Forecast
Total revenue between 2013 and 2027 is £64bn (£11bn CPS)
20112013
20152017
20192021
20232025
2027£.0 Bn
£1.0 Bn
£2.0 Bn
£3.0 Bn
£4.0 Bn
£5.0 Bn
£6.0 Bn
£7.0 Bn
£8.0 Bn
.4 .41.9 2.0 2.2 2.3 2.5 2.7 2.9 3.0 3.3 3.6 4.1 4.7 5.2 5.7 6.2
.4 .5 .6 .7 .7 .7 .8 .81.0 1.0
.9.8
.7.7
.6
EUETS Revenue Carbon Price Floor Revenue
Year
Reve
nue
(£bn
)
“Just Transition” in practice
Greening the workplace Green Economy Council
◦ Energy Intensive Industries Skills◦ Investment◦ Energy Roundtable
Social partner initiatives & campaigns◦ Clean Coal Task Group◦ Energy Intensive Industries◦ Renewable energy
www.tuc.org.uk – go to Green Workplaces
