62765
Britain Wants to Remain   in European Energy Market
Britain Wants to Remain   in European Energy Market

Britain Wants to Remain in European Energy Market

Britain Wants to Remain in European Energy Market

Britain should continue to participate in the European Union's energy market when it leaves the 28-nation bloc, energy minister Greg Clark told a parliamentary committee on Wednesday.
The British government wants to secure the best possible deal in all areas of Brexit negotiations with the EU related to energy matters, Clark told the business, energy and industrial strategy committee, Reuters reported.
"It is very much in our interest to continue to participate in the energy market and expand those interconnections, especially in Ireland," Clark said.
"I think it would be better if we continue (in it) and a bad thing if that was to be disrupted."
Britain imported 6% of its electricity via power links with France, Holland and Ireland in 2016, but is seeking ways to increase its power sources to help to replace aging coal and nuclear plants set to close in the 2020s.
Clark emphasized that discussions with the EU were only just about to start but that he hopes plans for interconnectors with other EU and non-EU countries would continue and be extended.
"Our ambition is to go more into interconnection. If we want to have a smarter grid and bring on lots of different types of sources of power, interconnection is important for that," he said.
Several new electricity interconnectors with European countries are in development. If built, these could satisfy about 20% of Britain’s peak electricity demand by the early 2020s.
Another area of negotiation with the EU will be around Britain's role in Europe's Emissions Trading System (ETS), which charges power plants and factories for every ton of carbon dioxide they emit.
In February, the European Parliament's lead carbon policymaker said that Britain is unlikely to remain in the scheme after Brexit. UK climate change minister Nick Hurd told the committee that Britain continues to play an active role in reforming the ETS.
"There are good reasons why we are in it, but I think the discipline of the Brexit process is that, as a government, we have the responsibility to look at the options," he said, adding that the government is analyzing alternatives to the scheme.

 

Short URL : https://goo.gl/RS4YR9
  1. https://goo.gl/YVLPFX
  • https://goo.gl/Nn4Gie
  • https://goo.gl/wIp9y7
  • https://goo.gl/wfMloV
  • https://goo.gl/XCn2nM

You can also read ...

South Korea shipped in 446,148 barrels per day of crude oil from Iran in September.
Unenthusiastic about trading oil in the US dollar and South...
Austrian Firm to Build 4 Solar Plants in Fars
Austria’s Solar and Benefit Group and Fars Province Investment...
Pergas Submits Proposal for Developing Karanj Oilfield
Pergas Consortium, a group of international oil and gas...
The prospect of peak oil demand is hotly contested in the energy industry.
Global oil demand growth will slow to a crawl and gasoline use...
Gulf of Mexico Oil Spill May Be Largest Since BP Disaster
An oil spill in the Gulf of Mexico last week may be the...
OPEC and other producers have agreed to cut production by 1.8 million bpd until next March.
The Organization of Petroleum Exporting Countries has a...
Condensate Exports to Rebound in November
Iranian exports of ultra-light crude oil, known as condensate...
Brent Hits $58
Oil prices firmed on Tuesday, building on gains made as...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus