Vinson & Elkins Sean Moran and Lauren Collins Discuss the Evolution of Tax Credits
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CCUS: Understanding The Class VI Permitting Process
Carbon Capture & Storage: The Race To Net Zero
Carbon Capture, Use, and Sequestration (CCUS) Webinar
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Videocast: Section 45Q Carbon Capture and Sequestration (CCS) credit
Great Britain’s Labour Prime Minister Keir Starmer has shaken up the British political scene since July 2024, including making a priority of a “Net Zero” policy regarding energy generation and use in the United Kingdom. Led...more
Last week, the UK Government pledged £22 billion towards the development of the carbon capture, usage and storage (CCUS) industry in the UK. This is a significant step towards achieving net-zero emissions by 2050. ...more
How to accelerate the transition to a sustainable economy is a hot regulatory topic for most major economies around the world – and is set to continue ascending the agenda in the years to come. As sustainability-related...more
Creating an effective regulatory framework will be critical to deliver Net Zero. But does that mean more – or less – regulation? From trade agreements to taxonomies, carbon adjustment mechanisms to corporate sustainability...more
Decarbonisation is the process of reducing greenhouse gas emissions and transitioning to a low-carbon economy. Decarbonisation requires significant investment in green technologies, such as renewable energy, energy...more
The Act demonstrates the UK’s renewed commitment to reaching net zero and paves the way for players in key industries to achieve their targets. On 26 October 2023, the UK Energy Act 2023 (the Act) received Royal Assent....more
The government published a new document outlining its existing and proposed objectives to develop the UK’s sustainable economy. On 30 March 2023, the UK government published an updated version of its Green Finance...more
With the recent UK “Green Day” announcements confirming the government’s support for CCUS, interest in UK CCUS projects is expected to continue to grow. While there are significant opportunities for investors, careful...more
The UK government has unveiled a number of measures with the overall purpose of reaching net zero by 2050 and meeting the UK’s climate targets. On 30 March 2023, on what has been called the UK’s “green day”, the UK...more
In June 2022, the Contracting Parties to the Energy Charter Treaty ("ECT") announced an agreement in principle on the text of a modernized treaty. This modernization may have material consequences for state regulation and...more
The Energy Security Bill, announced in the Queen’s Speech 2022, aims to facilitate the United Kingdom’s transition to cheaper, cleaner, and more secure energy. As part of the legislative agenda for the remainder of the...more
As discussed in Shearman & Sterling’s previous Energy & Infrastructure Insight, there is significant pressure on companies and governments to reduce their carbon emissions, not only driven by mandatory regimes but also...more
This month the UK Government issued an updated timetable and submissions guidance for cluster sequencing for Carbon Capture Usage and Storage (CCUS) deployment. With this paper came a number of updates across its CCUS...more
Projects in heavy and energy intensive industries are the recipients of government funding, with a view to reducing CO2 emissions. Key industrial regions of Merseyside, South Wales, Teesside, Humberside and Aberdeenshire...more
On 2 May 2019, the UK’s Committee on Climate Change (“CCC”) recommended that Parliament legislate, without delay, to reduce domestic greenhouse gas emissions to “net-zero” by 2050. The CCC is the UK Government’s chief climate...more
In June, the UK government implemented the Gas and Petroleum (Consents) Charges Regulations 2013 (the "Regulations"). The Regulations permit the UK government's Department for Energy and Climate Change (DECC) to charge fees...more