The UK Department for Business, Energy & Industrial Strategy
(BEIS) published a Green Paper on 23 January 2017, setting out the
building blocks for the UK's modern industrial strategy.
Described by Theresa May as a "critical part" of the plan
for post-Brexit Britain, the implementation of this strategy will
have important policy ramifications, in particular, for the
Overview of the Green Paper
Key points to note from the Green Paper include:
a consultation is launched which
invites a review of the costs of achieving the UK's
decarbonisation goals and how to best support business energy
efficiency (the consultation will close on 17 April 2017);
a review of the case for a new
research institution on battery technology, energy storage and grid
technology, will be undertaken, and findings will be released in
early 2017 and an emissions reductions plan is expected in February
the government's new approach to
industrial strategy based on ten pillars will focus on ensuring
that the UK economy benefits from the transition to a low-carbon
economy by delivering affordable energy and clean growth; and
there will be a focus on improving
the UK's energy, transport, water and flood defence
Implications for the environment
The strategy is intended to highlight a new approach by the UK
government to shift policy focus from short-term goals to focus on
decisions that will deliver long-term sustainable success. While
the clear objective of the modern industrial strategy is to improve
economic growth and in doing so maximise business efficiency
through cost reduction, this does not necessarily mean that
environmental concerns will be sidelined and the transition to a
low carbon economy is under threat.
To the contrary, the UK government has reiterated its commitment
to meeting its legally binding targets under the Climate Change Act
2008 but it should be done so, in the most cost-effective
The public consultation therefore provides an opportunity for
interested parties to safeguard the transition to a low carbon
economy in the most efficient manner and more importantly, to
ensure wider environmental concerns do not get left behind.
This post was prepared with the assistance of Ashleigh
Humphries in the London office of Latham & Watkins.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
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