Energy News: Forward Energy Market May 2023
Our economist Dominic Whittome shares the latest wholesale gas and electricity prices for power markets in the Energy Market May 2023. ...
Where does nuclear fit into the climate crisis and the proposed Green Recovery to Covid-19?
The Green Recovery is relevant to all sectors because two factors come together, first the climate crisis with over 418 PPM CO2, and all Paris Agreement signatories due to submit revised and more ambitious nationally determined contributions (NDCs) in 2020, and secondly Covid-19 with the devastation of economies and trillions of dollars due to be spent in recovery plans.
The choice is, does the world proceed as before heading towards over 3°C of global warming, plus air pollution and the other side effects of older energy policies? Or do we try to make some of the trillions in the Covid-19 recovery address the climate as well?
Countries may choose the former, if they just rebuild coal fired power and ignore the effects of air pollution. But there is a big move also towards the latter view, seen for example in the EU Green Deal and Wednesday’s EU recovery plans.
Nuclear will have to make its own case about where it fits in, and perhaps is sharpening its pencil to do just that.
For a discussion on the Green Recovery and the response to Covid-19, please see the attached flyer for our upcoming webinar on the issue.
About the Author
Prospect Law is a multi-disciplinary practice with specialist expertise in the energy, infrastructure and natural resources sectors with particular experience in the low carbon energy sector. The firm is made up of lawyers, engineers, surveyors and other technical experts.
This article remains the copyright property of Prospect Law Ltd and Prospect Advisory Ltd and neither the article nor any part of it may be published or copied without the prior written permission of the directors of Prospect Law and Prospect Advisory.
This article is not intended to constitute legal or other professional advice and it should not be relied on in any way.
For more information or assistance with a particular query, please in the first instance contact Adam Mikula on 020 7947 5354 or by email on adm@prospectlaw.co.uk.
Prospect is a multi-disciplinary practice with specialist expertise in the energy and environmental sectors with particular experience in the low carbon energy sector. The firm is made up of lawyers, engineers, insurance and risk management specialists, and finance experts.
This article remains the copyright property of Prospect Law Ltd and neither the article nor any part of it may be published or copied without the prior written permission of the directors of Prospect Law.
This article is not intended to constitute legal or other professional advice and it should not be relied on in any way.
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