In Focus
By 2050, the UK is legally required to have reduced its greenhouse gas emissions by 100% from 1990 levels. An independent review considered how this ‘net zero’ target could maximise economic growth whilst also increasing energy security and affordability for consumers and businesses. The review recommended that the government takes action to ensure the UK benefits from the investment and economic growth opportunities that net zero presents.
In Focus
In March 2022, the House of Lords Industry and Regulators Committee published a report on net zero transformation, examining the government’s policy to achieve net zero emissions by 2050. The committee argued that current plans “lack the necessary level of policy detail” and proposed a range of recommendations. This article summarises the report, the government’s and Ofgem’s responses, as well as other developments concerning the UK’s net zero strategy.
In Focus
This article explores how the rising cost of living has affected the UK healthcare ecosystem. Rising energy prices and food insecurity can lead to an increasingly ill population, while staff shortages and high hospital bills add pressure to the health system. In November 2022, the UK government announced an £8bn spending increase for health and adult social care, but some organisations have said it is not enough.
In Focus
Disabled individuals and their households have, on average, lower incomes than their non-disabled counterparts. They often incur additional costs related to the treatment and mitigation of their disability. Furthermore, they typically spend a greater share of their income on food and energy, the commodities driving the current surge in inflation. In recognition of Disability History Month—running from 16 November to 16 December this year—this article considers how disabled individuals and their households are impacted by the rising cost of living.
In Focus
The House of Lords is scheduled to debate the Science and Technology Committee’s report ‘Battery strategy goes flat: Net zero target at risk’ on 23 November 2022. This article provides an overview of the committee’s recommendations and the government’s response. It also summarises recent statements from the government on supporting battery production and development and the expansion of low-carbon technologies.
Research Briefing
The Energy Prices Bill would enact several policies the government announced in September 2022 to reduce the cost of energy for consumers. The bill would put in place the ‘energy price guarantee’, which would limit the cost of electricity and gas per unit for domestic consumers. This was initially planned to run for two years, however on 17 October 2022 the government announced it would be reduced to six months. The bill is scheduled to have its second reading in the House of Lords on 19 October 2022.
In Focus
The government has set a target for the UK to achieve net zero emissions by 2050. Various groups and individuals have argued that behaviour change is essential to meeting this goal. The government has announced some policies aimed at progressing this; however, there has been criticism that its actions do not go far enough.
In Focus
The rising cost of living has been associated with a reduction in wellbeing, including increased anxiety and worsening mental health. Charities and campaign groups have said the impact of increased costs has been worse for households already on lower incomes. Since becoming prime minister, Liz Truss has said the government’s priority is to increase economic growth while announcing at the same time an increase in government support for household energy bills. However, the opposition has said the government has not provided adequate support for households struggling with the rising cost of living.
In Focus
This article focuses on the announcements made in the chancellor of the exchequer’s fiscal statement on 23 September 2022, and the reaction to it by commentators and the financial markets.
Research Briefing
The government’s Energy Bill includes provisions relating to 26 separate energy-related measures. These are structured around three ‘key pillars’, listed as: leveraging investment in clean technologies; reforming the UK’s energy system and protecting consumers; and maintaining the safety, security and resilience of the energy systems across the UK. The House of Lords is scheduled to debate the bill at second reading on 19 July 2022.
In Focus
The Energy (Oil and Gas) Profits Levy Bill would introduce a new temporary levy on North Sea oil and gas production. It follows a government announcement in late May 2022 that ministers would seek to impose a levy on companies operating in the North Sea to help fund support measures for households facing higher living costs. The House of Lords is expected to consider the bill at second reading and all remaining stages on 13 July 2022.
In Focus
In May 2021, the International Energy Agency (IEA) published its energy roadmap which examined how the world can transition to a net zero energy system by 2050. It argued that although current climate pledges fall short of what is needed to meet this target, a viable pathway is still available. This article provides a summary of the IEA’s report and the UK government’s policy on net zero. It also considers the impact of Russia’s invasion of Ukraine on the global energy sector.
Research Briefing
This proposed law seeks to place the UK Infrastructure Bank on a statutory footing, giving it a specific set of powers. The bank is currently operating on an interim basis. Its purpose is to invest in infrastructure projects on behalf of the government and attract private sector funds for the same purpose.
In Focus
The Government has committed to reduce UK carbon emissions to net zero by 2050 and improve the security of the UK’s energy supply. It has said it intends to improve strategic planning in the UK’s electricity and gas infrastructure through the establishment of an independent future system operator. It has also said it will introduce measures intended to increase the use of hydrogen gas and carbon capture technology in the UK energy sector.
In Focus
There has been extended debate on whether Russia should be banned from the international Swift system as part of the package of economic sanctions following its invasion of Ukraine. On 26 February 2022, the international community announced that selected Russian banks would be barred. This article looks at what Swift is, why it is significant and whether a ban would be likely to achieve its intended effect of restricting the Russian economy.
Total results (page 2 of 6)