Call for Evidence on the Proposed Severn Barrage Scheme
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The Economics of the Green Investment Bank: Costs and Benefits, Rationale and Value for Money
The economics of the Green Investment Bank: costs and benefits, rationale and value for money Report prepared for The Department for Business, Innovation & Skills Final report October 2011 The economics of the Green Investment Bank: cost and benefits, rationale and value for money 2 Acknowledgements This report was commissioned by the Department of Business, Innovation and Skills (BIS). Vivid Economics would like to thank BIS staff for their practical support in the review of outputs throughout this project. We would like to thank McKinsey and Deloitte for their valuable assistance in delivering this project from start to finish. In addition, we would like to thank the Department of Energy and Climate Change (DECC), the Department for Environment, Food and Rural Affairs (Defra), the Committee on Climate Change (CCC), the Carbon Trust and Sustainable Development Capital LLP (SDCL), for their valuable support and advice at various stages of the research. We are grateful to the many individuals in the financial sector and the energy, waste, water, transport and environmental industries for sharing their insights with us. The contents of this report reflect the views of the authors and not those of BIS or any other party, and the authors take responsibility for any errors or omissions. An appropriate citation for this report is: Vivid Economics in association with McKinsey & Co, The economics of the Green Investment Bank: costs and benefits, rationale and value for money, report prepared for The Department for Business, Innovation & Skills, October 2011 The economics of the Green Investment Bank: cost and benefits, rationale and value for money 3 Executive Summary The UK Government is committed to achieving the transition to a green economy and delivering long-term sustainable growth. -
Labour's Zero-Based Review
Labour’s Zero-Based Review Interim Report Number 15: Department for Energy and Climate Change Labour’s Zero-Based Review Interim Report No.15 DEPARTMENT FOR ENERGY AND CLIMATE CHANGE FOREWORD The leader of the Labour Party, Ed Miliband, and the Shadow ChanCellor, Ed Balls, have made Clear that departmental budgets will be cut not only in 2015-16, but each year until we have achieved our promise to balanCe the books. Across every part of the Department of Energy and Climate Change (DECC), we need to take a tighter approach to finanCial management of taxpayers’ money, and reform the framework within which the energy market operates so that it is fair for bill payers. Under the Tory’s failing plan, energy bills have risen, and energy Companies have failed to pass on falling wholesale Costs. Record numbers of families with children Cannot afford to heat their homes. Investors face unCertainty and indeCision about the future of our energy system. And the mismanagement of taxpayers’ money, such as through the Government’s poor-value Green Deal Home Improvement Fund, and the NuClear Decommissioning Authority’s budget, have seen tens of millions of pounds wasted. Britain needs a government that will stand up to the energy Companies to deliver fairer prices and a better deal for bill payers. A government that is serious about tackling the sCandal of fuel poverty and cold homes. And a government that is putting in place the vital reforms neCessary for investment in the low Carbon future of our energy system, and to deliver value for money for the taxpayer. -
The Performance of the Department of Energy & Climate Change 2012-13
DEPARTMENTAL OVERVIEW The performance of the Department of Energy & Climate Change 2012-13 NOVEMBER 2013 Our vision is to help the nation spend wisely. Our public audit perspective helps Parliament hold government to account and improve public services. The National Audit Office scrutinises public spending for Parliament and is independent of government. The Comptroller and Auditor General (C&AG), Amyas Morse, is an Officer of the House of Commons and leads the NAO, which employs some 860 staff. The C&AG certifies the accounts of all government departments and many other public sector bodies. He has statutory authority to examine and report to Parliament on whether departments and the bodies they fund have used their resources efficiently, effectively, and with economy. Our studies evaluate the value for money of public spending, nationally and locally. Our recommendations and reports on good practice help government improve public services, and our work led to audited savings of almost £1.2 billion in 2012. Contents Introduction Aim and scope of this briefing 4 Part One About the Department 5 Part Two Recent NAO work on the Department 24 Appendix One The Department’s sponsored bodies at 1 April 2013 29 Appendix Two Results of the Civil Service People Survey 2012 30 Appendix Three Publications by the NAO on the Department since April 2011 32 Appendix Four Cross-government reports of relevance to the Department since April 2011 34 Links to external websites were valid at the time of publication of this report. The National Audit Office is not responsible for the future validity of the links. -
Tyndall Centre Briefing Note 40
Review of the Fourth Carbon Budget - Call for Evidence www.theccc.org.uk/call-for-evidence Question and Response form When responding please provide answers that are as specific and evidence-based as possible, providing data and references to the extent possible. Please limit your response to a maximum of 400 words per question. Questions for consideration: A. Climate Science and International Circumstances The Committee’s advice assumes a climate objective to limit central estimates of temperature rise to as close to 2C as possible, with a very low chance of exceeding 4C by 2100 (henceforth referred to as “the climate objective”). This is broadly similar to the UNFCCC climate objective, and that of the EU. In order to achieve this objective, global emissions would have to peak in the next few years, before decreasing to roughly half of recent levels by 2050 and falling further thereafter. The UNFCCC is working toward a global deal consistent with such reductions, to be agreed by 2015. Earlier attempts (e.g. at Copenhagen in 2009, before the fourth budget was recommended or legislated) have failed to achieve a comprehensive global deal to limit emissions. It is difficult to imagine a global deal which allows developed countries to have emissions per capita in 2050 which are significantly above a sustainable global average, implying the need for emissions reductions in the UK of at least 80% from 1990 levels by 2050. The EU has not yet agreed a package beyond 2020, but the European Commission is consulting on a range of issues relating to development of climate and energy targets for 2030. -
Nuclear Power
No.59 z iii "Ill ~ 2 er0 Ill Ill 0 Nuclear Family Pia nning p3 Chernobyl Broadsheet ·, _ I. _ . ~~~~ George Pritchar d speaks CONTENTS COMMENT The important nuclear development since the Nuclear Family Planning 3 last SCRAM Journal was the Government's The CEGB's plans, and the growing opposition, after Sizewell B by go ahead for Sizewell B: the world's first HUGH RICHARDS. reactor order since Chernobyl, and Britain's News 4-6 first since the go ahead was given to Torness Accidents Will Happen 1 and Heysham 2 in 1978. Of great concern is Hinkley Seismic Shocker 8-9 the CEGB's announced intention to build "a A major article on seismic safety of nuclear plants in which JAMES small fanilty• of PWRs, starting with Hinkley GARRETT reveals that Hinkley Point C. At the time of the campaign In the Point sits on a geological fault. south west to close the Hinkley A Magnox Trouble at Trawsfynydd 10-11 station, and .a concerted push in Scotland to A summary of FoE's recent report on increasing radiation levels from prevent the opening of Torness, another Trawsfynydd's by PATRICK GREEN. nuclear announcement is designed to divide Pandora's POX 12 and demoralise the opposition. But, it should The debate over plutonium transport make us more determined. The article on the to and from Dounreay continues by facing page gives us hope: the local PETE MUTTON. authorities on Severnside are joining forces CHERNOBYL BROADSHEET to oppose Hinkley C, and hopefully they will Cock-ups and Cover-ups work closely with local authorities in other "Sacrificed to • • • Nuclear Power" threatened areas - Lothian Region, The Soviet Experience Northumberland, the County Council Coalition "An Agonising Decision• 13 against waste dumping and the Nuclear Free GEORGE PRITCHARD explains why Zones - to formulate a national anti-nuclear he left Greenpeoce and took a job strategy. -
Summary for Policymakers. In: Global Warming of 1.5°C
Global warming of 1.5°C An IPCC Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty Summary for Policymakers Edited by Valérie Masson-Delmotte Panmao Zhai Co-Chair Working Group I Co-Chair Working Group I Hans-Otto Pörtner Debra Roberts Co-Chair Working Group II Co-Chair Working Group II Jim Skea Priyadarshi R. Shukla Co-Chair Working Group III Co-Chair Working Group III Anna Pirani Wilfran Moufouma-Okia Clotilde Péan Head of WGI TSU Head of Science Head of Operations Roz Pidcock Sarah Connors J. B. Robin Matthews Head of Communication Science Officer Science Officer Yang Chen Xiao Zhou Melissa I. Gomis Science Officer Science Assistant Graphics Officer Elisabeth Lonnoy Tom Maycock Melinda Tignor Tim Waterfield Project Assistant Science Editor Head of WGII TSU IT Officer Working Group I Technical Support Unit Front cover layout: Nigel Hawtin Front cover artwork: Time to Choose by Alisa Singer - www.environmentalgraphiti.org - © Intergovernmental Panel on Climate Change. The artwork was inspired by a graphic from the SPM (Figure SPM.1). © 2018 Intergovernmental Panel on Climate Change. Revised on January 2019 by the IPCC, Switzerland. Electronic copies of this Summary for Policymakers are available from the IPCC website www.ipcc.ch ISBN 978-92-9169-151-7 Introduction Chapter 2 ChapterSummary 1 for Policymakers 6 Summary for Policymakers Summary for Policymakers SPM SPM Summary SPM for Policymakers Drafting Authors: Myles R. -
Climate Change and Democratic Representation Can Select Committees Influence a Company’S Environmental, Social and Governance Credentials?
Climate Change and Democratic Representation Can Select Committees influence a company’s environmental, social and governance credentials? Stanley Kwong 2 Executive Summary The House of Commons Select Committees (Committees) are a group of MPs from different political parties tasked with examining policy issues, holding the government and companies to account, and making proposals for new laws. An area where Committee assertiveness is particularly evident is in relation to topics concerning sustainability. This is in part driven by large scale environmental disasters that warranted Committee investigation. For example, inquiries concerning BP’s oil rig catastrophe (by the Energy and Climate Change Committee) and Volkswagen’s diesel emissions scandal (by the Environmental Audit Committee) drew widespread public and media interest. Public awareness on climate change issues has further elevated Committee work in this area, with a particular emphasis on scrutinising companies that hold poor sustainability practices that affect wider society. From an economic perspective this is typical of a negative externality, with Professor Stern (2008) calling global warming ‘the greatest market failure of all time’. However, the climate crisis may be more pronounced than a solely economic failure. In particular, it may also highlight fundamental deficiencies and systemic failures in the governance of liberal democracies. In this context, the emergence of mechanisms of deliberative democracy, such as the Climate Assembly UK, have grown in popularity as formats that aim to cultivate citizen representation and participation. Nevertheless, the public continue to look to elected representatives for action, particularly on the gap that remains on private sector company oversight. This is where the Committees’ distinctive investigative approach can be a key component in driving forward the climate dialogue, by adding a unique layer of public and investigative pressure on companies. -
MCA Climate Action Plan
13 51 6 Al Sb C Aluminium Solar cells Antimony Carbon 27 29 79 Co Cu Au Cobalt Copper Gold Batteries 26 3 25 Fe Li Mn Hydrogen Iron Lithium Manganese 12 28 41 Mg Ni Nb Magnesium CCUS Nickel Niobium 50 92 30 Sn U Zn Tin Uranium Zinc EV & hybrids Nuclear Mineral Wind Rare earth energy sands energy elements Copyright © 2020 Minerals Council of Australia CLIMATE ACTION PLAN PREAMBLE minerals.org.au Supporting ongoing climate action by Australia’s minerals industry The MCA and all of its Sustained climate action across all nations is 4. Accelerated development of the This 2020-2023 plan furthers the minerals well as taking a lead on commodity stewardship required to reduce the risks of human-induced minerals required for a low emissions sector’s public commitment to addressing looking at global procurement practices, circular members are taking serious climate change and to support world-wide future including aluminium, copper, nickel, climate change on an ongoing basis consistent economy, and traceability of commodities action on climate change decarbonisation as we transform to a lower zinc, iron, uranium, base metals, lithium, with the MCA’s climate statement. It outlines a through their lifecycle. emissions future. minerals sands, and rare earths series of actions focused on three key themes: and are committed to the Practical and cost-effective options are already Our sector improves the lives of millions of 5. Global and domestic partnerships 1. Support developing technology pathways to being developed and put into action across the Paris Agreement and its goal people in Australia and overseas through the with governments, regulators, customers, achieve significant reductions in Australia’s minerals value chain. -
Analysis of a Severn Barrage a REPORT PREPARED for the NGO STEERING GROUP
Analysis of a Severn Barrage A REPORT PREPARED FOR THE NGO STEERING GROUP June 2008 © Frontier Economics Ltd, London. i Frontier Economics | June 2008 Analysis of a Severn Barrage Executive summary......................................................................................iv 1 Introduction .........................................................................................7 1.1 Background...................................................................................................7 1.2 Overview.......................................................................................................8 Part 1: What is the role of Government? 2 Approach ..............................................................................................9 3 The role of Government ..................................................................... 11 3.1 Rationale..................................................................................................... 11 3.2 Objectives .................................................................................................. 16 Part 2: How does a barrage compare? 4 Approach ............................................................................................ 19 4.1 General background ................................................................................. 19 4.2 Overview of approach to modelling ...................................................... 21 5 Analysis and discussion .....................................................................26 5.1 Sensitivity -
Marine Renewables
January 2009 Number 324 MARINE RENEWABLES Britain has an EU mandated target to meet 15% of its account for less than 0.1% of the energy produced energy requirements from renewable sources by 2020. worldwide. The UK has the largest wave and tidal resources in Europe, so marine renewables are a candidate for Figure 1: Wave and Tidal Resources in contributing to this target. Around 15-20% of the UK’s the UK: 2 Coloured bands show wave electricity could potentially be produced from marine resources, with purple denoting the 1 renewable sources, but the technology is not mature. greatest resource. Red circles show This POSTnote considers the technologies available and some of the most significant tidal the environmental, economic and technological power sites. Tidal resources are closer challenges involved in their deployment. to shore than wave. Background Tidal Power • ‘Tidal stream’ devices use the flow of water due to tides to generate electricity. • ‘Tidal range’ devices use the change in height of water Government Support due to tides, using principles similar to a hydroelectric The Renewables Advisory Board (RAB), a government dam. There are only a few tidal ‘barrages’ (see Box 1). advisory body, suggests that to meet the EU target, 32% Tidal lagoons (structures built at sea to capture water of UK electricity must come from renewables by 2020. at high tides) are also possible. The government has set a further target to cut carbon Wave Power emissions by 80% by 2050. This has increased interest Wave devices use the motion of water caused by winds in all low carbon energy sources, including marine. -
SOUTH WEST ENGLAND and the WAVE HUB 10 July 2009 NICK HARRINGTON – HEAD of MARINE ENERGY SOUTH WEST RDA WAVE & TIDAL RESOURCE
SOUTH WEST ENGLAND AND THE WAVE HUB 10 July 2009 NICK HARRINGTON – HEAD OF MARINE ENERGY SOUTH WEST RDA WAVE & TIDAL RESOURCE • Could provide 15% - 20% of UK demand • European resource 290GW • Worldwide annual revenues of €65 - €200 billion WAVE POWER LEVELS IN kW/m OF CREST LENGTH IN EUROPEAN WATERS Source: Wave Energy Utilization in Europe (European Thematic Network on Marine Energy) TIDAL RESOURCE IN SW ENGLAND DECC TIDAL RESOURCE IN SW ENGLAND Marine “Shoots” Barrage Current 1GW Turbines “SeaGEN” * “Severn” Barrage 8GW “Outer” Barrage 15GW SOUTH WEST WAVE RESOURCE DECC WAVE HUB Source: JP Kenny WAVE HUB WAVE HUB PROVIDES • Consented sea area • Grid connected 5MW per berth at 11kV • Monitoring and testing • Opportunities to collaborate • Access to suppliers and research base • Experience of operations • Can be upgraded to 50MW with 33kV operation UK ROUTE TO COMMERCIALISATION R&D NaREC Demonstration Initial prototype EMEC Refined prototype Wave Hub Pre- commercial device Market entry with commercial product Market penetration TIMETABLE • Landowner agreements signed- June 2009 • Funding unconditional - June 2009 • Developer commitments - June 2009 • Operating and capital budgets confirmed - July 2009 • Decision to proceed - July 2009 • Order sub-sea cable - July 2009 • Set up operating company - Summer 2009 • Onshore works - Autumn 2009 • Tender installation contracts - Autumn/Winter 2009 • Cable and equipment delivery - Spring 2010 • Installation and commissioning - Summer 2010 CHALLENGES Devices • Demonstrate and improve performance -
Department of Energy & Climate Change Short Guide
A Short Guide to the Department of Energy & Climate Change July 2015 Overview Decarbonisation Ensuring security Affordability Legacy issues of supply | About this guide This Short Guide summarises what the | Contact details Department of Energy & Climate Change does, how much it costs, recent and planned changes and what to look out for across its main business areas and services. If you would like to know more about the NAO’s work on the DECC, please contact: Michael Kell Director, DECC VfM and environmental sustainability [email protected] 020 7798 7675 If you are interested in the NAO’s work and support The National Audit Office scrutinises public spending for Parliament and is independent of government. The Comptroller and Auditor General for Parliament more widely, please contact: (C&AG), Sir Amyas Morse KCB, is an Officer of the House of Commons and leads the NAO, which employs some 810 people. The C&AG Adrian Jenner certifies the accounts of all government departments and many other Director of Parliamentary Relations public sector bodies. He has statutory authority to examine and report [email protected] to Parliament on whether departments and the bodies they fund have used their resources efficiently, effectively, and with economy. Our 020 7798 7461 studies evaluate the value for money of public spending, nationally and locally. Our recommendations and reports on good practice For full iPad interactivity, please view this PDF help government improve public services, and our work led to Interactive in iBooks or GoodReader audited savings of £1.15 billion in 2014.