Energy weekly highlights—12 December 2024
This week's edition of Energy weekly highlights includes: two news analyses on (i) key UK and international climate litigation developments in 2024, with a focus on the energy sector and potential trends for 2025 and beyond and (ii) the outcomes of the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29). The Prime Minister, Sir Keir Starmer, also announced a comprehensive Plan for Change, outlining key milestones to deliver national missions by the end of the current parliament, including securing home-grown energy and aiming for at least 95% of clean power generation by 2030. In addition, this week, the Department for Energy Security and Net Zero (DESNZ) announced the signing of contracts for the UK's first carbon capture, usage and storage (CCUS) projects in Teesside, accompanied by the North Sea Transition Authority (NSTA) awarding the UK’s first carbon storage licence to the Northern Endurance Partnership for its Endurance site located off the Teesside coast. DESNZ also published the response to its December 2023 consultation on a market intervention to support hydrogen to power (H2P) deployment. We also cover announcements from the National Electricity System Operator (NESO), including the publication of a letter outlining proposed reforms to its grid connections process, and a consultation on methodologies for three key strategic network plans. Finally, Ofgem published its decision to implement a regulatory approval and funding framework for the onshore electricity transmission projects recommended in the second transitional Centralised Strategic Network Plan (tC2NP2).