Decarbonisation measures in proposed UK electricity market reform

Sunak's climate shift is out of touch with the demands of the UK's workforce – here's why

Retrieved on: 
Thursday, November 9, 2023
Research, Renewable energy, Policy, Rishi Sunak, Time, Health, Government, Hope, Workforce, Carbon, Atmosphere, Leadership, New Economics Foundation, Employment, Soil, Profile, Recycling, Conservatism, Decarbonisation measures in proposed UK electricity market reform, Climate Change Committee, Investment, Water quality, Climate change, Management

The proposal was outlined in the 2023 king’s speech to parliament, where he set out the government’s priorities ahead of the next general election.

Key Points: 
  • The proposal was outlined in the 2023 king’s speech to parliament, where he set out the government’s priorities ahead of the next general election.
  • Sunak has justified his watered-down climate policy by saying it will protect British jobs in the oil and gas industry and make the UK more energy independent.
  • Recent polling also suggests that swing voters now view the Conservatives less favourably because of their focus on oil and gas.

Taking leadership

  • Our findings are unambiguous: nearly eight out of ten UK workers expressed that they were either very or fairly concerned about climate change.
  • Every second UK worker believes that the UK is already witnessing the effects of climate change and urgently requires climate action.
  • Most workers expect the government to show leadership and act, with 63% identifying the government as having the greatest responsibility for addressing climate change.
  • Seven in ten workers expect cleaner air and enhanced soil and water quality.
  • Six in ten workers feel that increased health and wellbeing would accompany this transition.

Finding green jobs

  • Most of these workers said they would consider switching to a green job because they find the prospect of working in the green economy both interesting and meaningful.
  • The prospect of lower pay, the time needed to retrain, and the cost of retraining are all seen as significant barriers for workers considering a move into green jobs.
  • The foundation estimates that workers need between six and 18 months of additional training, on average, to access green jobs.
  • Many workers are willing to retrain and switch to doing a green job.
  • Some say they already possess a good skills base for employment in the green economy, and are willing to spend more time on training.


Vera Trappmann receives funding from Research England and Hans-Böckler Foundation. The study upon which this article is based was done in collaboration with Dr. Felix Schulz and Dr. Ursula Balderson, both colleagues at the Centre for Employment Relations Innovation and Change (CERIC), Leeds University Business School. Jo Cutter receives funding from Reseach England

Global Leaders Gather in Sydney to Power the Global Energy Transition

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Tuesday, October 17, 2023
Mining, Investment, Government, Energy transition, ICMM, First Nations, Sustainability, Digital transformation, METS, International Convention Centre Sydney, Grand Slam (tennis), United States federal executive departments, Defense, Decarbonisation measures in proposed UK electricity market reform, Gold Fields, Social value, NSW, China Beijing International Mining Exchange, BHP, Miner, Mineral, MMG, IGO, Conference, Renewable energy, Uranium mining, Wesfarmers, Culture

"The mining and resources industry is evolving rapidly to meet the growing energy demands of today while developing the minerals needed for a decarbonised economy - under unprecedented scrutiny from communities, regulators and investors.

Key Points: 
  • "The mining and resources industry is evolving rapidly to meet the growing energy demands of today while developing the minerals needed for a decarbonised economy - under unprecedented scrutiny from communities, regulators and investors.
  • Ms Richards said: "Mining and resources have never been more important for sustainable economic, social and innovative development across the globe.
  • We need more exploration and development to match surging demand for the critical minerals that are central to the global energy transition.
  • IMARC 2023 is where the most important conversations are being held about how mining and resources can help achieve global development sustainably and equitably.

Energy industry unites and demonstrates commitment to decarbonising at record breaking ADIPEC 2023

Retrieved on: 
Friday, October 6, 2023
Georgia Department of Economic Development, Knowledge, Climate change, Economic development, ADNOC, COP28, Decarbonisation measures in proposed UK electricity market reform, Carbon, Climate change mitigation, OXY, ABU, Methane, CCUS, Aviation, DAC, Holcim, SLB, Renewable energy

Across the exhibition floor, over 2,200 energy companies demonstrated unity, forging paths to decarbonisation through action-oriented partnerships and strategic dialogues.

Key Points: 
  • Across the exhibition floor, over 2,200 energy companies demonstrated unity, forging paths to decarbonisation through action-oriented partnerships and strategic dialogues.
  • ABU DHABI, UAE, Oct. 6, 2023 /PRNewswire/ -- ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs.
  • Tayba Al Hashemi, Chair of ADIPEC 2023 and CEO of ADNOC Offshore said: "2023 has been a transformational year for ADIPEC.
  • The 2023 edition of ADIPEC reinforced the event's status as the premier platform for the energy industry to come together and do business.

Energy industry unites and demonstrates commitment to decarbonising at record breaking ADIPEC 2023

Retrieved on: 
Friday, October 6, 2023
Georgia Department of Economic Development, Knowledge, Climate change, Economic development, ADNOC, COP28, Decarbonisation measures in proposed UK electricity market reform, Carbon, Climate change mitigation, OXY, ABU, Methane, CCUS, Aviation, DAC, Holcim, SLB, Renewable energy

Across the exhibition floor, over 2,200 energy companies demonstrated unity, forging paths to decarbonisation through action-oriented partnerships and strategic dialogues.

Key Points: 
  • Across the exhibition floor, over 2,200 energy companies demonstrated unity, forging paths to decarbonisation through action-oriented partnerships and strategic dialogues.
  • ABU DHABI, UAE, Oct. 6, 2023 /PRNewswire/ -- ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs.
  • Tayba Al Hashemi, Chair of ADIPEC 2023 and CEO of ADNOC Offshore said: "2023 has been a transformational year for ADIPEC.
  • The 2023 edition of ADIPEC reinforced the event's status as the premier platform for the energy industry to come together and do business.

Rishi Sunak is introducing the polarised climate politics of the US, Canada and Australia to the UK

Retrieved on: 
Wednesday, October 4, 2023
Climate, Climate Change Levy, Climate Change Committee, PM, Face, Speech, Politics, Policy, Government, CCC, Tory, Inflation, Climate change, GDP, Income, Decarbonisation measures in proposed UK electricity market reform, YouGov, Growth, Rishi Sunak, Inflation Reduction Act of 2022, Conservatism, Renewable energy, Retail, Labour, Atlantic Ocean

There is a strategy behind this, but it’s one that risks ending a fragile cross-party consensus on net zero and turning the climate into a highly polarised issue.

Key Points: 
  • There is a strategy behind this, but it’s one that risks ending a fragile cross-party consensus on net zero and turning the climate into a highly polarised issue.
  • However, politics is often about the short term, specifically the next election.
  • The political difficulty is that the green transition really does entail relatively high investment costs for voters over the short run.
  • Plus, this strategy of keeping climate policy costs low for consumers has a long history in the UK across both parties.
  • Fuel duty was frozen after 2011 before being reduced by Sunak in 2022 when he was Chancellor.

Similar climate politics in similar countries

    • Under these rules, elections tend to be very competitive contests over attracting voters in a handful of key marginal constituencies.
    • Consequently, climate policy in these places entails many fewer costs for households compared with northern Europe, for example.
    • The US’s flagship climate policy, the Inflation Reduction Act, imposes no costs on consumers, offering only subsidies.

Political will can evaporate quickly

    • Whether it will work is not clear yet.
    • More broadly, this case underscores the political difficulty of imposing sustained costs on consumers, and how the much called for, but ever-elusive, “political will” to address climate change, can evaporate quickly in the face of short-term political expediency.

ADIPEC Awards 2023 honours pioneers from UAE, Malaysia, Israel, USA, and UK accelerating the energy transition

Retrieved on: 
Tuesday, October 3, 2023
Carbon, Hydrogen, Private sector, Partnership, COP28, Transformation, International Year of Sustainable Tourism for Development, Ernst & Young Entrepreneur of the Year Award, Exhibition, Electricity, Infrastructure, Utility, Water, Human, Research, ADNOC, Government, Aviation biofuel, United Arab Emirates, Seng, Developed country, Climate change mitigation, Emirates Palace, Decarbonisation measures in proposed UK electricity market reform, United Kingdom, J. Anthony Lukas Work-in-Progress Award, Shougang Group, Young, CO2, SLB, Renewable energy, Natural gas, PETRONAS

Fatema Al Nuaimi, Chairperson of ADIPEC Awards 2023 and Executive Vice President of Downstream Business Management at ADNOC, said: "This year's ADIPEC Awards honoured companies and individuals who are playing a critical role in leading the global energy transition.

Key Points: 
  • Fatema Al Nuaimi, Chairperson of ADIPEC Awards 2023 and Executive Vice President of Downstream Business Management at ADNOC, said: "This year's ADIPEC Awards honoured companies and individuals who are playing a critical role in leading the global energy transition.
  • The winners will inspire other innovators across the energy sector and encourage them to strengthen their efforts to enable a more sustainable global energy system."
  • This year's ADIPEC Awards attracted a record-breaking 1,072 entries from 78 countries and reflected a wide spectrum of geographies, industries and companies.
  • ', ADIPEC 2023 is focused on bringing together the ideas, ambition, technology and capital needed to accelerate urgent, collective and responsible action to decarbonise quicker and future-proof our energy system.

ADIPEC Awards 2023 honours pioneers from UAE, Malaysia, Israel, USA, and UK accelerating the energy transition

Retrieved on: 
Tuesday, October 3, 2023
Carbon, Hydrogen, Private sector, Partnership, COP28, Transformation, International Year of Sustainable Tourism for Development, Ernst & Young Entrepreneur of the Year Award, Exhibition, Electricity, Infrastructure, Utility, Water, Human, Research, ADNOC, Government, Aviation biofuel, United Arab Emirates, Seng, Developed country, Climate change mitigation, Emirates Palace, Decarbonisation measures in proposed UK electricity market reform, United Kingdom, J. Anthony Lukas Work-in-Progress Award, Shougang Group, Young, CO2, SLB, Renewable energy, Natural gas, PETRONAS

Fatema Al Nuaimi, Chairperson of ADIPEC Awards 2023 and Executive Vice President of Downstream Business Management at ADNOC, said: "This year's ADIPEC Awards honoured companies and individuals who are playing a critical role in leading the global energy transition.

Key Points: 
  • Fatema Al Nuaimi, Chairperson of ADIPEC Awards 2023 and Executive Vice President of Downstream Business Management at ADNOC, said: "This year's ADIPEC Awards honoured companies and individuals who are playing a critical role in leading the global energy transition.
  • The winners will inspire other innovators across the energy sector and encourage them to strengthen their efforts to enable a more sustainable global energy system."
  • This year's ADIPEC Awards attracted a record-breaking 1,072 entries from 78 countries and reflected a wide spectrum of geographies, industries and companies.
  • ', ADIPEC 2023 is focused on bringing together the ideas, ambition, technology and capital needed to accelerate urgent, collective and responsible action to decarbonise quicker and future-proof our energy system.

COP28 President-Designate Dr Sultan Al Jaber opens ADIPEC 2023 calling for greater collaboration on decarbonisation

Retrieved on: 
Monday, October 2, 2023
Opening ceremony, University of Energy and Natural Resources, COP28, International, Politics, ABU, Carbon, Energy transition, Saudi Aramco, Climate change mitigation, OPEC, Natural Resources, Decarbonisation measures in proposed UK electricity market reform, Methane, Climate, Renewable energy

ADIPEC 2023 opens to opens to a global audience of ministers and energy leaders, under the theme of 'Decarbonising.

Key Points: 
  • ADIPEC 2023 opens to opens to a global audience of ministers and energy leaders, under the theme of 'Decarbonising.
  • Global energy leaders reinforced their commitment to working together to decarbonise the sector as part of the official ADIPEC 2023 Opening Ceremony.
  • ABU DHABI, UAE, Oct. 2, 2023 /PRNewswire/ -- Dr Sultan Ahmed Al Jaber, COP28 President-Designate and UAE Minister of Industry and Advanced Technology, delivered a keynote address during the ADIPEC 2023 Opening Ceremony, stating the energy industry "can and must help drive the solutions".
  • ADIPEC, the world's largest energy exhibition and conference, opened today, rallying industries and diverse actors around a common cause – 'Decarbonising.

COP28 President-Designate Dr Sultan Al Jaber opens ADIPEC 2023 calling for greater collaboration on decarbonisation

Retrieved on: 
Monday, October 2, 2023
Opening ceremony, University of Energy and Natural Resources, COP28, International, Politics, ABU, Carbon, Energy transition, Saudi Aramco, Climate change mitigation, OPEC, Natural Resources, Decarbonisation measures in proposed UK electricity market reform, Methane, Climate, Renewable energy

ADIPEC 2023 opens to opens to a global audience of ministers and energy leaders, under the theme of 'Decarbonising.

Key Points: 
  • ADIPEC 2023 opens to opens to a global audience of ministers and energy leaders, under the theme of 'Decarbonising.
  • Global energy leaders reinforced their commitment to working together to decarbonise the sector as part of the official ADIPEC 2023 Opening Ceremony.
  • ABU DHABI, UAE, Oct. 2, 2023 /PRNewswire/ -- Dr Sultan Ahmed Al Jaber, COP28 President-Designate and UAE Minister of Industry and Advanced Technology, delivered a keynote address during the ADIPEC 2023 Opening Ceremony, stating the energy industry "can and must help drive the solutions".
  • ADIPEC, the world's largest energy exhibition and conference, opened today, rallying industries and diverse actors around a common cause – 'Decarbonising.

Quinbrook Oversubscribed for Renewables Impact Fund

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Monday, October 2, 2023
Professional Services, Utilities, Environment, Alternative Energy, Green Technology, Energy, Finance, Electricity, Government, UK Government Investments, Capital formation, Philosophy, Data science, Regeneration, Pension fund investment in infrastructure, GDP, National Grid, Investment, Machine learning, Pathfinder, Decarbonisation measures in proposed UK electricity market reform, Artificial intelligence, Fund, Thistle, GBP, Economics, Renewable energy

Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, has held a final close of the UK focused Quinbrook Renewables Impact Fund (“QRIF”, or the “Fund”).

Key Points: 
  • Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, has held a final close of the UK focused Quinbrook Renewables Impact Fund (“QRIF”, or the “Fund”).
  • Quinbrook raised GBP 620 million of investor commitments to QRIF’s strategy, substantially exceeding the QRIF’s initial GBP 500 million target.
  • “Select UK power infrastructure assets can have valuable diversifier benefits to portfolio investments which are strongly correlated to GDP.
  • The differentiated strategy and the sheer scale of impact the Fund seeks to have in the UK market has proven highly attractive to QRIF’s institutional investors,” Rory Quinlan, Managing Partner and Co-Founder of Quinbrook.