Shawn Adderly

Posted: 1 week, 5 days ago


HOW WILL THE BREXIT IMPACT ENERGY IN THE UK?

The decision of the United Kingdom voting to leave the EU will have profound implications for U.K. energy policy. It is likely that the U.K will have more choice in choosing it’s source of energy, investment in new energy projects may be put on hold, and there could be an impact to Europe’s clean energy change goals. 
The U.K. has previously broken with the EU on advocating for nuclear power and shale gas — cleaner sources of energy relative to higher carbon coal. Leaving the EU will allow the U.K to be free of constraints on choice of energy and technologies. Investors may be weary about funding new renewable energy projects and drilling for shale oil and gas in the U.K. until post-EU energy and climate policies become solidified. Recently the U.K. government has cut subsidies for both rooftop and large-scale solar installations. Will the Brexit change the EU’s effort to reduce carbon emissions? Both the EU and UK have always been supporters of clean energy thus it is unlikely the Brexit will fundamentally change the EU’s effort to reduce carbon emissions. However, it is worth pointing out that several large features of EU policy has been modeled off of U.K. legislation. 



Comments

There are currently no comments

New Comment

required

required (not published)

optional

required