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How Will Brexit Impact the Energy Policy?

Insight

First published on Lexis®PSL Environment

June 26, 2017

Environment analysis: Alex Msimang, partner, Jessica Biddle, senior associate, and Margaret Peloso, counsel, at Vinson & Elkins, say the UK can be seen to have taken the lead in shaping EU energy policy in many respects and so the ramifications of the UK’s exit from the EU on the energy sector are expected to be widely felt–such as in relation to the EU Emissions Trading Scheme (EU ETS).

Original news

Report highlights progress on EU Energy Union, LNB News 01/02/2017 104 The EU has continued to make good progress on delivering its energy objectives, the European Commission’s second report on the state of the Energy Union has found. Particular progress has been made on the 2020 energy and climate targets. The report has assessed developments since November 2015 and looked at ongoing challenges. Related thematic reports covering carbon capture and storage (CCS), the carbon market, and road fuels have also been published.

What is the background leading to the commission of the ‘Leaving the EU: negotiation priorities for energy and climate change policy’ report?

The UK is expected formally to exit the EU by 29 March 2019 following a series of negotiations between the UK government and EU institutions. In preparation for formal negotiations, the Business, Energy and Industrial Strategy Committee of the House of Commons conducted an inquiry and subsequently published a report on 2 May 2017 entitled ‘Leaving the EU: Negotiation Priorities for Energy and Climate Change Policy’. The report is intended to inform the public and influence the government’s negotiations in respect of energy and climate change policy.

Read the full article here.

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This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.