Energy Insight: European referendum 2016

Published Post EU Referendum

Political

House of Commons Library.  Brexit what happens next.   This paper considers various questions about UK withdrawal from the EU and what is likely to happen in the coming weeks and months. The issues include the method of leaving the EU, continuing parliamentary scrutiny of EU business and the withdrawal negotiations, and the implications of Brexit for Scotland and Gibraltar. 

Amber Rudd speech to the Business & Climate Summit   29 June 2016 (Link to GOV.UK website)

The Science and Technology - Commons Select Committee. Leaving the EU: implications and opportunities for science and research  The Committee intends to hold hearings on this inquiry during July, and invites written submissions during that period.  28 June 2016

The Energy and Climate Change Committee.  Leaving the EU: implications for UK energy policy inquiry launched   7 July 2016 

EU referendum outcome: PM statement   24 June 2016(Link to GOV.UK website)
Prime Minister David Cameron made a statement in Downing Street on the outcome of the referendum on the UK's membership of the European Union.

Views, Overviews and guidance from other organisations

CMS.   Brexit checklists.
"Our checklists cover a broad range of industry areas to guide you through what a Brexit could really mean for your business and how CMS can help." CMS,  24 June 2016

CMS. Brexit Next: Implications for IP 29 June 2016

CMS. Brexit could have little impact on the North Sea 05 July 2016

International Bunker Industry Association IBIA investigates: Brexit and sulphur regulations – what now?  7 July 2016

LSE What now? ur guide to Britain’s future outside the EU

IEA Clean Coal Centre  How will Brexit hit UK coal, nuclear and renewables? 30 June 2016

NEF Energy round-up: Brexit - 3 of the things we don’t know 1 July 2016

UKERC. EU referendum vote: statement to the EERA Executive Committee

News Stories and comments

Guardian.  Leave vote makes UK's transition to clean energy harder, say experts  28 June 2016

Bloomberg.  EU Carbon Slumps Most Since 2014 as Brexit Sparks Doubts  24 June 2016

CarbonBrief.  Brexit: 94 unanswered questions for climate and energy policy  29 June 2016

POLITICO. Tech In the Loop June 28: Brexit impact on tech POLITICO's In the loop podcast gives you a roundup of the week that has been and those events that will spark the debate in the weeks to come. 28 June 2016

BREXIT: Will There Be A Second Vote? the opinion of Peter Romary an English / US trained lawyer who advises and trains government and private sector clients around the world. (Link to LinkedIn). 26 June 2016

World Nuclear News.  The Brexit effect on UK nuclear 24 June 2016

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Published Pre UK Referendum

Thursday 23 June 2016 is the date set by the UK Prime Minister, David Cameron, for the UK to vote on whether the UK should leave the EC, or stay in.  Below are some useful links and background information

Background reading

The UK's EU referendum: All you need to know
By Brian Wheeler & Alex Hunt, BBC News - 22 February 2016
http://www.bbc.co.uk/news/uk-politics-32810887
A very clear and comprehensive resume of the issues with links to the websites of the various for and against camps.

Factbox - How will Britain's EU membership referendum work?
Reuters 22 February 2016
http://uk.reuters.com/article/uk-britain-eu-referendum-factbox-idUKKCN0VV102

The UK’s EU referendum 2016 explained
House of Commons Library  March 2016
http://www.parliament.uk/eu-referendum

Burns, C., A.  Jordan, V.  et al.  The EU Referendum and the UK Environment: An Expert Review. How has EU membership affected the UK and what might change in the event of a vote to Remain or Leave?  The UK in a Changing Europe. 2016. 

The above report indicates the following regarding the UK’s energy relationship with the EU in three main scenarios:

Vote to remain, the Reformed EU Option:

Energy not a main point of renegotiation for the UK, so unlikely that it would be directly affected by a renegotiated membership. Policy differences already exist between UK and other EU member states; these could continue to diverge or coalesce, as the EU gives member states the freedom to determine their own energy mix and methods of complying with EU directives. UK would retain access to the EU single energy market.

Vote to leave, the Norwegian (EEA) or Swiss (EFTA) Option:

Norway has access to the EU single energy market. EU energy policy directly applies to Norway, but it has no representation in EU institutions – it must adhere to EU directives but has no role in their formation.

Switzerland is a member of the EFTA but not the EEA, relationship with EU based on bilateral agreements. Report does not indicate likelihood of UK remaining in EU single energy market in this scenario.

Vote to leave, no EEA or EFTA membership:

In this scenario, “it is very unlikely that the UK would not still retain elements of the single energy market, energy policy or adapt its new policies accordingly.” Membership in EU single energy market would benefit both UK (from supply security) and EU (as UK is producer of oil and gas, and arrival point for LNG tankers). If UK participated in EU single energy market, would likely have to comply with some EU energy policies.

Ryan Bourne. Brexit myths debunked:  the Leave campaign shouldn't fear arguing that leaving the EU would be good for the economy.  CityAM.  27th April 2016.

House of Commons Library  12 February 2016

EU referendum: impact of an EU exit in key UK policy areas

EU referendum: impact of an EU exit in key UK policy areas - summary on EI Knowledgewebsite. 

Bouzarovski, Stefan. Guest Blog: Brexit in the context of EU natural gas governance. UKERC. 05 May 2016

 

Members of Parliament - who's for staying and who's for leaving

Staying:

Secretary of State for Energy - Amber Rudd MP

Secretary of State for Environment, Food and Rural Affairs - Elizabeth Truss MP

Leaving:

Minister of State for Energy - Andrea Leadsom MP

Minister of State for Farming, Food and the Marine Environment - George Eustice MP 

Full list of MPs on the BBC website


Political views:

DECC
Electric shock of Brexit could see UK energy costs rocket by half a billion pounds
From: Department of Energy & Climate Change and The Rt Hon Amber Rudd MP
First published:24 March 2016

European Union Committee
The EU referendum and EU reform
9th Report of Session 2015-16 - published 30 March 2016 - HL Paper 122
"In scrutinising the Government... our focus has been upon its vision for the UK’s future in a reformed EU, and on how it has sought to realise that vision. We have asked whether the Government’s vision is clear, persuasive and durable, and whether it respects the broad spectrum of opinion both within the United Kingdom and beyond."

HM Treasury
HM Treasury analysis: the long-term economic impact of EU membership and the alternatives

This document assesses continued UK membership of the EU against the three existing alternative models:

  • membership of the European Economic Area (EEA), like Norway
  • a negotiated bilateral agreement, such as that between the EU and Switzerland, Turkey or Canada
  • World Trade Organisation (WTO) membership without any form of specific agreement with the EU, like Russia or Brazil
The Treasury’s analysis shows that the UK would be permanently poorer if it left the EU and adopted any of these models. Productivity and GDP per person would be lower in all these alternative scenarios, as the costs would substantially outweigh any potential benefit of leaving the EU.

Environmental Audit Committee
EU membership positive for UK environment
EU membership has been a crucial factor in shaping UK environmental policy on air and water pollution, and biodiversity, according to the Environmental Audit Committee’s report on EU and UK Environmental Policy.
Prior research, advice and relevant legislation

Energy and Climate Change Committee
holds a one-off evidence session investigating the implications to energy and climate change policy regarding the EU referendum. ~
25 May 2016

Northern Ireland Affairs Committee 
Northern Ireland and the EU referendum  25 May 2016


Prior research, advice and relevant legislation

EU referendum: impact of an EU exit in key UK policy areas
House of Commons Library  12 February 2016
http://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7213

Referendum on the UK's membership of the European Union
The Electorial Commission
Link to their website outlining their role

European Union Referendum Act 2015
An Act to make provision for the holding of a referendum in the United Kingdom and Gibraltar on whether the United Kingdom should remain a member of the European Union. [17th December 2015]


Views and Overviews from other organisations

CMS Cameron McKenna
Brexit: Broadening the debate
CMS brings you analysis and commentary on the legal implications of a Brexit on businesses operating in, and trading with, the UK

pwc Energy Spotlight
How might Brexit impact on the electricity and gas industry?

BBC Radio 4 - More or Less podcast -  Brexit- do the Treasury's figures add up? 22 April 2016 

BBC Reality Check: The EU referendum

Climate Home Brexit: Why a vote to leave the EU is bad news for the climate  20 June 2016

LSE Blog.  Tim Rayner (LSE BSc. Econ 1992) is Senior Research Associate at the Tyndall Centre for Climate Change Research, based at the University of East Anglia,   Cut out: Brexit would put the EU’s efforts to reduce carbon emissions at risk 20 April 2016


Economist Intelligence Unit "Brexit" will cost 6% of GDP 22 June 2016

Norton Rose Fulbright - Impact of a Brexit on the energy sector

S&P Global Platts.  How could a ‘Brexit’ affect the European energy market?  27 May 2015

UCL Institute for Sustainable Resources and the UCL European Institute
Brexit and Energy: Cost, Security and Climate Policy Implications
The impact on UK climate and energy policy. 25 May 2016

UKERC
The EU referendum: Implications for UK energy policy

Energy Insight details


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