The purpose of this short note is to briefly present the salient features of the new energy policy directions outlined in the recently published White Paper on energy policy by the UK Government. It also aims to present some critical thoughts on the new policy directions.
The note is based on the author's review of the White Paper and his critical analysis.
The note indicates why the issuance of this White Paper is of wider interest. The author finds the paper sketching a highly ambitious view, envisaging a leadership role to the country in the climate change issue and continuing with the deep‐rooted belief in the markets with a minimalist government intervention in the sector. He also questions whether private investment in energy infrastructure would be forthcoming to ensure supply security and mitigate the climate change problems identified in the White Paper as the two important long‐term issues facing the country.
The value of this note lies in its succinct synthesis of the White Paper and the quick reaction to the new policy directions provided by the author based on his experience and understanding.
