CARBON CAPTURE AND STORAGE: A NECESSITY NOT AN OPTION
PAUL A T DAVIES
Why is major investment in Carbon Capture and Storage (CCS) recommended by the Intergovernmental Panel on Climate Change (IPCC) and the UK’s Committee on Climate Change (CCC) as “a necessity, not an option”?
This paper summarises the need for CCS investment as an important part of the UK achieving ‘Net Zero’ by 2050.
INFRASTRUCTURE GOVERNANCE - THE GERRARD REPORT
REPORT FROM THE INFRASTRUCTURE FORUM'S
GOVERNANCE WORKING GROUP
Infrastructure Boards work much like boards in any other sector. However, the challenges facing the infrastructure sector and its key characteristics are sufficiently different to other sectors of the economy as to justify a specific set of high-level governance principles and practices.
This report suggests that even a relatively light-touch adoption of some common principles and practices of governance across the sector could yield benefits
The report provides a set of recommendations for boards across the infrastructure sector, regardless of whether their organisations are public or private sector, or whether they manage assets in operation, construction, early-stage development, or a combination of these.
IDEAS AND POLICY ADVICE
BEIS CONSULTATION ON THE RAB MODEL FOR NUCLEAR
RESPONSE FROM THE INFRASTRUCTURE FORUM
The Infrastructure Forum's RAB Working Group has submitted its response to the BEIS Consultation on the RAB Model for Nuclear.
The Working Group, comprised of experts in infrastructure finance with particular knowledge of the RAB model, UK regulatory framework and delivery of greenfield projects, considered questions posed by the consultation on the structuring of the model as well as broader Critical Success Factors necessary for setting up an investable nuclear RAB.
Particular focus was given to: the incentive mechanisms which facilitate the delivery of Value for Money for consumers, investors, the project developer and Government; ensuring a robust and credible Economic Regulatory Regime; the investability of the model; importance of a sustainable supply chain; and political support for a UK new nuclear programme.