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Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
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The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
Outlook 2025: Navigating the windfall tax and the future of UK energy
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
Letter from London: Beware false prophets
The oil and gas sector’s renewed upstream activity stands in marked contrast to just a few years ago, highlighting that the market does indeed cycle
UK-listed Pharos to ramp up Egyptian activities
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
North Sea production to see minor boost
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
Time running out for UK North Sea
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Letter from the UK: A positive legacy for OPEC?
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The AIM-listed firm sees its gas plans as meshing with UK energy transition goals
UK Brexit Low carbon energy markets
Alessandro Vitelli
23 March 2018
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UK's unclear post-Brexit emissions strategy

The shape of future EU carbon trading hangs in the balance

For the last 13 years, the UK has been one of the main drivers of European climate policy. A staunch proponent of market-based solutions to climate change problems, the country was the first in Europe to trial carbon trading in 2002, providing valuable lessons for the EU's own Emissions Trading System (ETS) that began in 2005. Now, however, Britain's continued participation in the world's largest carbon market is in question. It is still unclear whether UK industry will even remain part of the market through to the end of the current trading phase, which ends in December 2020, eighteen months after the UK officially leaves the EU. Beyond Brexit, there is also the question of how the UK would

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