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UK Government Publishes Consultation Responses on Expanding the UK ETS Scope

The government confirmed plans to expand the scope of the UK ETS to further align with the EU ETS, following discussion on potential reintegration....more

Unpacking the UK-EU Deal: What Lies Ahead for Energy and Carbon Markets?

The agreement promises to unlock market and investment opportunities and facilitate greater UK-EU collaboration....more

Landmark Minerals Security Partnership Finance Network Established for Critical Minerals Projects

The new financing initiative aims to enhance collaboration amongst export credit agency and development finance institutions to support financing for critical mineral projects....more

UK Energy Act 2023 - What to Know About the Landmark Act

The Act demonstrates the UK’s renewed commitment to reaching net zero and paves the way for players in key industries to achieve their targets. On 26 October 2023, the UK Energy Act 2023 (the Act) received Royal Assent....more

Investing in UK CCUS Projects - Opportunities and Challenges

With the recent UK “Green Day” announcements confirming the government’s support for CCUS, interest in UK CCUS projects is expected to continue to grow. While there are significant opportunities for investors, careful...more

OECD Announces Reform of the Arrangement on Officially Supported Export Credits

The Reform will extend tenors and reduce borrowers’ fees to encourage commercial bank lending into energy transition projects. The Organisation for Economic Co-operation and Development (OECD) has agreed a landmark deal...more

UK “Green Day” - Key Policy Measures Announced to Fuel Investment in Green Energy and Achieve Net Zero

The UK government has unveiled a number of measures with the overall purpose of reaching net zero by 2050 and meeting the UK’s climate targets. On 30 March 2023, on what has been called the UK’s “green day”, the UK...more

UK Government Announces Support for CCUS Development in Energy Security Bill

The announcement underscores the continued focus on carbon capture, utilisation, and storage in UK energy policy in recent years. On 6 July 2022, the UK government introduced the Energy Security Bill (the Bill) to...more

UK Government Launches Hydrogen Strategy and Business Model Consultation

Strategy positions UK as a world leader in the hydrogen space, supporting 9,000 plus jobs and unlocking £4 billion in investment by 2030. On 17 August 2021, the Department for Business, Energy and Industrial Strategy...more

Recent case law update: Treatment of Trust Assets — Akers (and others) v. Samba Financial Group (2017)

The English Supreme Court has delivered a ruling that provides helpful guidance on the enforceability of trusts in respect of assets located in foreign jurisdictions that do not recognise trusts. The ruling also highlights...more

Penalty Clauses in Project Finance Transactions

A number of recent English court decisions have recast the test for determining when a contractual provision may be unenforceable under English law as a “penalty clause”. The rule against penalty clauses is particularly...more

New Foreign Investment Control of UK Critical Infrastructure Projects

Changes will align the UK’s policy framework for ownership and control of critical infrastructure with other major economies. On 15 September 2016, the UK Government announced its delayed approval of the proposed...more

PF Newsletter: Article 55 of the BRRD

From 1 January 2016, all EEA incorporated banks and credit institutions are required to include a term in any non-EEA law governed contract under which they have liabilities, giving contractual recognition of the bail-in...more

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