The UK’s second shock poll result in a year has created fresh political uncertainty and renewed concerns over climate and environment policies following Brexit. Countless important decisions had already been put firmly on the backburner before the June 8 election, as ministers’ time was consumed by the arduous complexities of Brexit. They include the question of how the UK will fund wind farms and other forms of clean energy after 2020, and the future of the coal power-killing carbon tax that some manufacturers are lobbying to end, not to mention how the UK will meet its own domestic climate goals.The decision to leave the EU has exacerbated this gridlock and raised fresh uncertainties about the future shape of green regulations for investors and companies. These include:Will the UK still try to abide by EU air pollution standards the government has failed to meet, despite being repeatedly dragged to court by environmental lawyers? How will the UK replace Euratom, the pan-European nuclear energy regulator?
FT 15th June 2017 read more »