There are strong practical reasons why the UK and EU should treat energy as a special case during Brexit negotiations, argues a new report. The report, jointly authored by Chatham House, the University of Exeter and the UK Energy Research Centre (UKERC), says finding common ground on energy during the Brexit negotiations would benefit both the UK and remaining EU27, while compromise may be relatively easier to achieve than for other areas. Carbon Brief breaks down the policy areas the UK will have to address in the negotiations, from interconnectors and emissions trading to Euratom and energy funding, as well as the recommendations given on each of these areas in the report. The Chatham House report argues that there are strong reasons why both the UK and the remaining 27 EU member states (EU27) should treat energy – and especially electricity – as a special case. there are also mutual benefits if the UK remains fully integrated with the EU on energy, such as for the bilateral relationship which will need to be made with Ireland to maintain its Single Electricity Market (SEM), or the drive to support regional development of offshore grids. Achieving Brexatom within the two-year Brexit time frame will also be extremely difficult, as it will require the UK to establish a new framework agreement on nuclear safety and security to allow it to trade nuclear materials and comply with international norms.
Carbon Brief 10th May 2017 read more »
Energy policy offers the UK and EU an important opportunity to develop new models of partnership and common ground imperative to the UK’s future, according to a new Chatham House paper. Co-author Antony Froggatt, senior research fellow in the Energy, Environment and Resources Department at Chatham House, said: “Maintaining close collaboration with the EU post-Brexit will be vital if we are to maintain energy security and achieve our legally binding emissions reduction targets. The UK should also remain committed to trebling its electricity interconnection by 2025, and enabling these to operate efficiently would be in consumers’ long-term interests.” Co-author Dr Matthew Lockwood, senior research fellow in the Energy Policy Group (EPG) at the University of Exeter, said: “The complexity and politically sensitive nature of the Brexit negotiations are already causing friction between the UK and the EU27. On energy policy, however, connected networks and mutual benefits from integrated markets mean that there is an opportunity for a positive outcome.”
University of Exeter 9th May 2017 read more »