On 26 June 2023, the International Sustainability Standards Board (ISSB) issued its inaugural standards for sustainability-related disclosures, including requirements for entities to report their Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions.
The GHG Protocol classifies a company’s emissions into three scopes:
Scope 1 emissions are the direct emissions from owned or controlled sources
Scope 2 emissions are the indirect...More
This consultation seeks views on proposed modifications to Sizewell C Limited Company’s electricity generation licence. In line with duties in the Nuclear Energy (Financing) Act 2022, the Secretary of State is required to consult on any proposed modifications.
These modifications seek to allow Sizewell C Limited to collect revenue through the Regulated Asset Base (RAB) model and puts in place a series of incentives and penalties to drive the efficient construction,...More
The government is proposing to introduce a CfD Sustainable Industry Reward (CfD SIR) from CfD Allocation Round 7 onwards.
The CfD Sustainable Industry Reward aims to help accelerate the deployment of low carbon electricity generation, specifically offshore / floating offshore wind, by addressing some of the recent challenges identified by the industry.
The Reward could provide greater revenue support to projects that take meaningful action to...More
The Climate Change Agreement (CCA) scheme is a voluntary scheme that encourages businesses in a wide range of industrial sectors with energy-intensive processes to invest in energy efficiency measures in return for access to reduced rates of Climate Change Levy (CCL). It directly supports an energy efficient, low-carbon future whilst also helping industrial competitiveness.
We are taking forward a new CCA scheme which will not be an extension to the existing scheme, but a separate...More
We're seeking views on the proposed amendments to The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014.
The amendments will enable the electricity supplier obligation levy to be charged for payments under the Dispatchable Power Agreement (DPA), that will support deployment of power carbon capture, usage and storage (power CCUS).
Read the consultation document on GOV.UK .
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We want to ensure that all relevant businesses have access to redress against their energy supplier, without having to rely on the courts. This consultation seeks views on a proposal to amend the Gas and Electricity Regulated Providers (Redress Scheme) Order 2008 by expanding access to redress to include small businesses.
We would like feedback, particularly from those directly impacted by the potential change, to ensure that:
our proposed expansion is sensible
the...More