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Socio-macroeconomic impacts of implementing different post-Brexit UK energy reduction targets to 2030

Author

Listed:
  • Nieto, Jaime
  • Pollitt, Hector
  • Brockway, Paul E.
  • Clements, Lucy
  • Sakai, Marco
  • Barrett, John

Abstract

For the period since 2011, the UK has been bound by European Union (EU) legislation regarding energy reduction targets to 2020. As of 2019, the UK had reduced its final energy use by 18% against a baseline projection to 2020, on track to meet its target of 18%. Whilst the rest of the EU-27 now set their own energy reduction targets to 2030, upon leaving the EU via Brexit, the UK is now free to choose its own energy targets. But what should the energy target be for 2030, and what are the socio-macroeconomic impacts and policy implications?

Suggested Citation

  • Nieto, Jaime & Pollitt, Hector & Brockway, Paul E. & Clements, Lucy & Sakai, Marco & Barrett, John, 2021. "Socio-macroeconomic impacts of implementing different post-Brexit UK energy reduction targets to 2030," Energy Policy, Elsevier, vol. 158(C).
    • Handle: RePEc:eee:enepol:v:158:y:2021:i:c:s0301421521004262
    DOI: 10.1016/j.enpol.2021.112556
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