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Articles by Eluned Watson
'Radical reset’ needed to simplify UK nuclear regulation, claims industry review
The regulatory review (PDF 162pages/30.6mb) warns that the UK is currently the most expensive place to develop nuclear projects anywhere in the world. It makes 47 recommendations for the UK government if it is to make progress on using nuclear technology and innovation in solving energy crises and boosting growth.
Farm flood funds pledged amidst water pollution regulation ‘disconnect’
Eluned Watson, an environmental and regulatory expert at Pinsent Masons, was commenting after the UK government committed to provide £5 billion over two years to support the transition towards a more productive and environmentally sustainable agriculture sector in England. Watson said the funds will be beneficial for farmers whose land has been affected by flooding and wet weather.
IFC backs Vietnam waste-to-energy plant
The International Finance Corporation (IFC) has approved a US$30 million financing package for a waste-to-energy (WtE) power plant in Vietnam. The package consists of a US$15m loan from the IFC and US$15m concessional loan from the Finland-IFC Blended Finance for Climate programme, which was established in 2017 with the aim of encouraging investments and promoting private financing for low-income developing countries in their climate-related projects.
German court rules on statute of limitations for ineffective premium increases
Germany’s Federal Court of Justice (BGH) has ruled that a claim about insurance premium payments dating back to 2008 is time-barred because the limitation period started when the payments were made. The judgement (file no. IV ZR 113/20) was handed down in the case of a policyholder who claimed back the increases in his private health insurance (PHI) premiums that he had paid since 2008 due to premium adjustments.
UK publishes ‘comprehensive’ cyber security strategy
Plans to become a leading global cyber power in which both businesses and citizens can participate have been published by the UK government. The new national cyber security strategy is based on balancing how to maximise the economic benefits of digital technology with the need for proactive management of cyber risks.
Data transfers guide addresses business trips
Strict EU rules on the international transfer of personal data do not apply when employees access data from their company’s database remotely while on business trips in other parts of the world, a data protection watchdog has confirmed.
UK nuclear third party liability laws updated from January 2022
Operators of nuclear sites in the UK, including those responsible for disposing of nuclear matter, should review their insurance and contractual arrangements to ensure they align with a new liability regime that takes effect on 1 January 2022, experts have said. Michael Freeman and Eluned Watson of Pinsent Masons were commenting after an international protocol was ratified, triggering imminent changes to the nuclear third party liability regime in the UK.
UK fine for bank over liquidity reporting
A bank has been fined for errors it made in its liquidity reporting and for not notifying UK regulators quickly enough after one of those errors was identified. The Prudential Regulation Authority (PRA) fined Standard Chartered Bank £46.55 million after it considered the institution had breached Fundamental Rule 6 and Fundamental Rule 7 of the PRA Rulebook. Fundamental Rule 6 requires that a firm organise and control its affairs responsibly and effectively.
World Bank encourages private investment in renewables in Indonesia
The World Bank (WB) has recommended that Indonesia do more to encourage private investment in renewables as part of work to deliver on its energy transition. Indonesia should put in place a package of reforms and investment in order to achieve its aim of cutting greenhouse gas emissions by between 26% and 41% by 2030 and to reach carbon neutrality no later than 2060, according to a new WB report.
South Australia plans 440MW green hydrogen complex with Swiss firm
The South Australia (SA) state government and Swiss commodities trading group Trafigura will invest in the construction of a 440 megawatts (MW) hydrogen plant. The proposed project, planned to be integrated with the Nyrstar smelter at Port Pirie, is expected to cost A$750 million (US$536m). The SA government and Trafigura have each committed A$2.5m to a front end engineering design (FEED) study, according to a statement by the SA state government.
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