Some unfiltered, personal musings on what the UK #autumnstatement2022 means for the #climate , now I've had time to dwell. Bit of a long one, so apologies.

EVs: All auto industry momentum at the moment is behind battery electric. However, the energy transition we need isn't possible at the size and scale possible with full-EV alone. From what I can see, hydrogen vehicles, one of the alternatives, are less impacted by the taxes proposed (seemingly not incl. in the amended vehicle excise duty). While there are some serious headwinds to come in the hydrogen industry (leakage issues likely a future hot topic https://acp.copernicus.org/articles/22/9349/2022/acp-22-9349-2022.html), it will be interesting to see if the new policy messaging on EVs has any impact on moving investment (particularly on charging/refueling infrastructure) between technologies.

Electricity Generator Levy: What message does it send to investors in UK green infrastructure if the UK Gov shows keenness to -through policy - retrospectively affect the commercials of renewables projects on existing regulator implemented contracts (i.e. non-CfD generators)? Does this erode trust? Or is it a necessary action to push renewables contracts towards more favourable models?

Carbon leakage: we were promised in the spring a consultation this year on carbon leakage measures (e.g. a CBAM) for the UK. Still no sign of it...

Interested to hear thoughts. #sustainability #NetZero