Overview

This bill aims to establish legally binding carbon emission limits for new electricity generating stations in the UK. It mandates the Secretary of State to set a maximum level of carbon dioxide emissions per unit of electricity produced, ensuring all new power plants meet stringent environmental standards.

Description

The Industrial Carbon Emissions (Targets) Bill sets a carbon emissions performance standard for electricity generating stations needing consent under the Electricity Act 1989. This standard will define the maximum allowable carbon dioxide emissions per unit of electricity generated.

Regulations

The Secretary of State will create regulations detailing how stations can comply, including carbon capture and storage (CCS) methods, and how emissions will be calculated (considering combined heat and power). The regulations will also specify which electricity sources are considered compliant and how compliance will be demonstrated during operation. These regulations must be approved by both Houses of Parliament.

Consent and Consultation

No consent for new power stations will be granted unless they meet the established standard. Before setting the standard and creating regulations, the Secretary of State must consult with a wide range of stakeholders, including electricity generators, consumers, regulatory bodies (e.g., Gas and Electricity Markets Authority, Environment Agency), and the Committee on Climate Change. Regulations must be created within 12 months of the bill passing.

Considerations

When setting the carbon emissions performance standard, the Secretary of State must consider the latest climate change science and advice from the Committee on Climate Change, including the 2050 emissions targets.

Government Spending

The bill itself doesn't directly specify government spending. However, the implementation of the regulations and potential support for CCS technologies could lead to increased government expenditure, though exact figures are not provided in the bill.

Groups Affected

• Electricity Generators: Will face stricter regulations and potentially higher costs to meet emission targets. Investment in low-carbon technologies may be necessary.
• Electricity Consumers: Could see changes in electricity prices reflecting the costs of compliance.
• Environmental Groups: May see this as a positive step towards reducing carbon emissions.
• Regulatory Bodies: Will play a key role in overseeing compliance and enforcing the regulations.

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