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Rhythm and rhyme: what the white paper means for businesses

Neil Mearns Senior Writer

The UK government’s Energy White Paper (EWP) and the Treasury’s Net Zero Review Interim report were published in December. Our coverage in Energy Spectrum led with the major commitments on the retail energy market and its governance and subsequently the potential trajectory of the GB generation mix. In this Energy Perspective, we will turn our attention to what the contents of the EWP means for the operation of businesses in the years and decades to come. Best laid schemes Since the publication of the EWP, the UK has secured a trade and cooperation agreement with the European Union. This refers to encouraging corporate social responsibility and responsible business conduct regarding supply chain management. This was highlighted in the EWP, where the government says it will challenge the oil and gas sector to address embodied emissions from the consumption of their products or from supply chain activities, recognising that many of the larger companies are already setting out plans for taking on this challenge. But, as we have discussed previously in Energy net zero and our Net Zero Business Forum, all businesses will eventually need to employ the attitude asked of the most greenhouse gas-intensive sectors to decarbonise their supply chains. All-cheering plenty The UK automotive industry received a boost this month, with Nissan committing its long-term future to its Sunderland car-making plant, meaning 6,000 jobs at the plant and 70,000 in the supply chain around the North East will be safeguarded. Localised battery production will also mean the ...

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