Three recent very substantial reports bring additional insight to the Audit Commission report.
First, the House of Lords European Union Sub-Commitee on Energy & the Environment report on “Brexit, Environment and Climate Change”. This ranges widey, and included a very interesting and substantial contribution from the Aldersgate Group. They specify a joined-up, green-financed and comprehensive energy policy stance by Government, driving the existing committment to a fifth UK carbon budget. (H of L Sitting Feb.2017). The Aldersgate Group is a business and NGO forum, including FOE and the TUC amongst its members.
Second, a Chatham House (foreign affairs think tank) report “Staying Connected”, by Friggart, Wright & Lockwood, May 2017 on “UK energy policy after Brexit”. One clear message: the UK will need a carbon market of its own if its climate change targets are to be within sight at all. This would affect the whole energy policy and energy price infrastructure.
Third, from the USA’s Boston Consulting Group, international lawyers Herbert Smith Freehills and the Global Counsel Group, a report called “Strong Currents - Navigating the Post Brexit Energy Market”. Very graphic pictures of the challenges, confirms the carbon market issue and prospects for a carbon tax, explains the exact policy stances of the EU and UK so far, heavy on new electricity interconnectors between the UK and Europe but only on condition of UK not undermining the EU’s energy and environment rules. We hear that Europe is most interested in an interconnector bypassing the UK and direct to Ireland.
All three see the very serious problems of leaving Euratom, the third report stating absolutely clearly that the UK has chosen freely to exit Euratom.