Conservative Party Autumn Conference 2015 - Day 2

Finally, (some) good news

UK ministers will approve carbon budget this week

If you were worried, you weren’t the only one. In the wake of the UK’s vote to leave the EU, campaigners and industry were concerned that ministers risked missing the legal deadline to approve the UK’s fifth carbon budget.

But sources have told the Guardian that the world-leading targets recommended by the Committee on Climate Change will be given legal consent by Thursday, the deadline set out by the Climate Change Act.

It mandates a 57% cut in emissions by 2032, based on 1990 levels.

Brexit will have “no consequences” for Hinkley Point, says French government

Plans to build the UK’s first nuclear power plant in a generation will not be scuppered by the UK’s decision to leave the EU, according to French economy minister Emmanuel Macron, reports the FT.

He said that the UK and France have “bilateral treaties and bilateral commitments”, which are unaffected by Brexit.

But Hinkley still awaits a final decision by French utility company EDF and one of the union representatives who sits on its board has said the project should be delayedamong the economic and political uncertainty.

Siemens freezes new wind power investment 

It’s started. Amid the economic and political turmoil thrown up in the last week, German engineering firm Siemens has brought planned wind investments in the UK to a halt, it told the Guardian yesterday.

But a manufacturing project that employs 1000 people in Hull will continue as planned. Siemens backed a Remain vote.

In other news

Brexit: Barry Gardiner appointed shadow energy and climate change secretary

Climate: UN climate chief urges Britain to remain a global warming leader

Brexit: Energy shares on Wall Street recoup losses suffered in wake of Brexit

Oil: Ignore climate change at your peril, Lord Brown warns oil groups

CCS: Industry says “no technical barriers” to development in UK