'Brexit' puts UK and EU climate policies in danger
Thursday, July 28, 2016
Subject
Energy and climate policies post-Brexit.
Significance
The United Kingdom has been a significant player in the development of energy and climate policies within the EU and its decision to leave raises important questions about the future direction of these policies in both the United Kingdom and the Union.
Impacts
- Single market withdrawal could see the United Kingdom lose up to 500 million euros (550 million dollars) per year in lower energy costs.
- Advocates of Brexit argue that savings as a result of no longer being bound by EU 'green tape' will outweigh the higher energy costs.
- The first test of diminished UK influence will be the Commission's proposals for promoting renewable energy released later this year.
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