Overview

Given the Liberal Democrats’ opposition to new nuclear in the run-up to the election, confirmation last night of a formal coalition with the Conservatives brought with it uncertainty. Whilst the compromise deal leaves the Liberal Democrats free to speak out against the formal designation of the Nuclear National Policy Statement and to abstain when it is put before Parliament, plans put in place by the previous Government can continue.



The broader energy policy compromise resulting from the coalition is also welcome news to investors and project developers involved in renewables and carbon capture and storage (CCS) projects. For the most part it seems that it will be business as usual.

The eagerly anticipated details of the compromise deal reached to secure a stable Government have finally been revealed.
, in a statement which sets out the parties' agreement on a broad range of issues, some of which, such as the deficit, electoral reform and the replacement of Trident, have attracted particular media attention. Energy policy issues may not have attracted the media spotlight to the same extent, but they are of critical importance to the country and the proposed low-carbon economy.

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