Energy Policies of IEA Countries: United Kingdom 2002
International Energy Agency
Thanks to energy market reform and the resulting "dash for gas" in power generation, the UK is likely to meet its 12.5% greenhouse gas reduction target under the Kyoto Protocol. But the country has a national target to reduce carbon dioxide emissions by 20% below 1990 levels by 2010. Meeting this target will require extra efforts.
In the gas market, capacity auctions at the St. Fergus entry point into the UK’s onshore pipeline system have fetched very high bid prices in recent years. This has revealed bottlenecks at the St. Fergus terminal and farther afield. But so far the high prices have not resulted in capacity expansion. The regulatory regime may have to be adjusted to give stronger incentives for new pipeline construction.
- Click to access:
-
Click to download PDF - 1.68MBPDF