In progress
We are reviewing whether we need to refine our regulatory approaches, given the climate change risks and opportunities that now confront businesses we regulate.
We have published a draft position paper. It covers spending on both adapting to climate change and mitigating greenhouse emissions. The paper sets out our preliminary positions on how our existing regulatory approaches can be applied to considering spending proposals from regulated businesses.
We are open to considering climate related proposals from regulated businesses on their merits. We encourage regulated businesses pursuing climate strategies to agree them with their customers, and to bring us business cases that support those strategies. We will approve spending that is prudent and efficient.
The draft position paper reflects stakeholders’ comments on a discussion paper we published in October 2022.
Our draft position paper and discussion paper, and the stakeholder submissions, are available to download below.
We invite further comments from stakeholders on our draft position paper. Those comments are due by 23 June 2023. We will then produce a final position paper.
| 24 October 2022 | Discussion paper published |
| 16 December 2022 | Stakeholder submissions due |
| 22 December 2023 | Stakeholder submissions published |
| 21 April 2023 | Draft position paper published |
| 15 May 2023 | Stakeholder forum |
| 23 June 2023 | Further submissions due |
| Third quarter 2023 | Final position paper |
Reports and papers
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Title | Document | |
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| 21 April 2023 | Draft report | QCA – draft position paper on climate change expenditure | pdf, 1.34 Mb |
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Title | Document | |
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| 21 April 2023 | Notice | QCA – stakeholder notice re public forum on climate change expenditure | pdf, 75.80 Kb |
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Title | Document | |
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| 24 October 2022 | Consultation paper | QCA – Discussion paper on climate change | pdf, 531.07 Kb |