Budget Announcement Key Takeaways for the Energy industry

Whilst the Budget was naturally focused on addressing the coronavirus situation in the UK, with a £12 billion stimulus package to support economy through the COVID-19 outbreak, it also included a range of policies to reduce emissions, ensure our environment is protected and resilient to climate change, and generate green economic opportunities across the nations and regions of the UK. These announcements, in particular, hailed significant developments for low carbon heat. Associate Rob Broom and legal director Henry Davey from our Energy & Natural Resources Practice explore the key takeaways for the energy industry in the attached client alert.