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Search resuls for: "Britain's Department for Energy Security"


2 mentions found


Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - Britain's decision to authorise new licences for oil and gas exploration in the North Sea was lawful, London's High Court ruled on Thursday, dismissing a legal challenge by Greenpeace. Judge David Holgate rejected Greenpeace's case on Thursday, saying in a written ruling that the decision not to assess end-use emissions was not irrational. A Department for Energy Security and Net Zero spokesperson welcomed the decision. Britain says domestic oil and gas production is key to its plan to improve energy security and that doing so is consistent with its target of net zero carbon emissions by 2050.
Persons: William, Russell Boyce, David Holgate, Greenpeace's, Philip Evans, Tessa Khan, Sam Tobin, William James, Tomasz Janowski Organizations: REUTERS, Greenpeace, Britain's Department for Energy Security, Department for Energy Security, Thomson Locations: William Wright, Hull, Britain, North, Europe
Britain exported more than 2.5 million tonnes of steel to Europe last year, UK Steel said. That trade would face the CO2 levy, unless Britain matched the EU's carbon pricing policies or linked its carbon market to the bloc's. Without a market link, Energy Aspects expects UK carbon prices to trade below EU CO2 prices until the late 2020s - exposing UK firms to the EU's border levy. In 2026, when the EU carbon border levy will kick in, Energy Aspects expects the UK CO2 price to be around 55 pounds (63.71 euros), versus an expected EU CO2 price of 108 euros. The UK government ran a publish consultation earlier this year on policies to support British industries as they decarbonise, including a possible UK carbon border levy.
Persons: Frank Aaskov, Benjamin Lee, Susanna Twidale, Kate Abnett, Sharon Singleton Organizations: European Union, ETS, Steel, Energy, UK, Britain's Department for Energy Security, Thomson Locations: BRUSSELS, London, Britain, Europe
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