Updates

Energy Act 2023

  • Legal

Jurisdiction: United Kingdom

Commencement: 29th November 2023

Amends: The Energy Savings Opportunity Scheme Regulations 2014

Mini Summary

Organisations must have a licence to transport hydrogen gas and carbon dioxide through a pipeline, and dispose of carbon dioxide via geological storage.

Summary

Organisations must have a licence to transport hydrogen gas and carbon dioxide through a pipeline, and dispose of carbon dioxide via geological storage*.

*Geological storage is the injection of captured carbon dioxide into rock to remove it from the atmosphere.

It aims to promote sustainable development and help the United Kingdom achieve net-zero emissions** targets.

**Net-zero emissions means reducing greenhouse gas emissions to zero.

Counterparties
The Secretary of State may appoint a counterparty* for:

  • carbon dioxide capture, transport and storage providers**;
  • hydrogen producers; and
  • hydrogen transport and storage providers***.

*A counterparty is an individual or organisation that provides financial support to organisations.

**A carbon dioxide capture, transport and storage provider is a person that captures, transports or stores carbon dioxide under a licence.

***A hydrogen transport and storage provider is a person that transports or stores hydrogen or a compound containing hydrogen.

Counterparties may:

  • impose conditions on providers;
  • specify the process to be followed when producing hydrogen or capturing carbon dioxide; and
  • specify targets for hydrogen production and carbon capture.

Duties

Various duties apply and are available to view on the Legislation Update Service.

 

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