+44 7400010488 help@instantassignmenthelp.com
Save 51% on Expert-Crafted Assignment Solutions!

Impact of Brexit on the United Kingdom

University: GSM London

  • Unit No: 7
  • Level: Undergraduate/College
  • Pages: 5 / Words 1298
  • Paper Type: Assignment
  • Course Code: ACSK4001
  • Downloads: 945
Question :

This assessment will cover further questions:

  • Discuss about the Reflective statement.
  • Discuss about the Impact of Brexit 
Answer :
Organization Selected : Brexit

INTRODUCTION

Brexit has affected the various countries as well as industries both in positively and negatively. Political instability in the nations have direct impact on the trade between two nations. Brexit has direct as well as significant effect on the profitability of oil and gas companies in EU and UK. After Brexit there has been great decline in oil trade. In addition to this, Renewable energy has been an area of strength for the United Kingdom in recent years, but decline in subsidy rates and changes in taxation policy by government have negative effect on the growth of an industry. Changes in regulations is creating major threat for renewable energy sector.  Brexit vote might bring potential opportunities as well as freedom to support renewables, but at the same time there are high chances of uncertainty.

The present report has focused on analyzing the impact of Brexit on the United Kingdom prospectus for renewable energy. The study will also include some data or evidence to show the way UK's decision to leave the EU has affected the renewable energy sector. It also emphasizes highlighting the opportunities as well as threats that Brexit might bring for the renewable sector.

TASK 1

Political changes in the country has changes the UK prospectus for the renewable energy sector. While decarbonization, as well as renewable targets, are unlikely to be highly affected due change in climate Act, and the fact that EU 2030 renewable energy targets are not legally binding for individual member states. EU state aid guidelines currently constrain the UK government in the design of its support schemes for electricity generators. Exit from the EU may open up the UK government's options in creating interventions targeted at specific technologies. Brexit will have direct as well as significant effect on the government decision related to investment on renewable sector.

Part 2: Discussion

Based on the specific exit scenario, the main change is likely to be to in the manner by which the decarbonisation plan is implemented, with a potential shift from the development of renewables to alternative and possibly cheaper solutions. For instance, more rapid switching from coal to gas generation and new nuclear. In addition to this, the Brexit has increased the threat to renewable electricity investment in the United Kingdom. The possible effect of Brexit

Includes imposition of tariff as well as non-tariff barriers on imports and exports of low carbon products. Due to Brexit it has become challenging for companies in renewable sector to access skilled as well as talented workforce, this factor has direct as well as significant effect on the productivity and profitability of organisations. Due to changes in policies after Brexit, companies in renewable sector are limited entitled to public funding which are utilised by them for research and development. Get the best Online Programming Assignment Help at pocket-friendly prices.

At the same time, however, there are positive effect of Brexit is that European utilities remain committed to developing the United Kingdom domestic supply chain. It can be considered to be as current inward investment flows as well as record low auction prices for delivering offshore wind energy as inspiring symbols of industry elasticity. In addition to this, the result of Brexit, the removal of EU renewable energy targets, under the Renewable Energy Directive, have give rise to greater uncertainty for the renewables sector. Now, government in United Kingdom has its own national targets relating to decreasing of emissions, but the EU targets, requiring a specific percentage of electricity to come from renewables, have played a vital role in shaping United Kingdom energy policy. In addition to this, goals set by government in EU for diverting waste from landfill, under the Landfill Directive, haw be important factor which is influencing the development of energy from waste. After the Brexit, the government in UK will be free in context of providing subsidies to technologies of their choice. The economic uncertainty created by Brexit has given rise to the deferral of investments in UK renewable industry. This factor also has direct as well as significant influence on investor decision related to investment in renewable sector.

Part 3 :

Conclusion

UK government decision to leave Eu have significant as well as long lasting effect on renewable sector. In addition to this, Investment can be thought of as being impacted by Brexit in various ways these are driven by trade-related output effects, short-term uncertainty over eventual outcome and risk to foreign direct investment

TASK 2

REFLECTIVE STATEMENT

Description:

I have learned about the way UK government decision to leave EU have affected the prospectus of investors related to the investment on renewable sector in United Kingdom. Brexit has led to the increase in cost of importing solar panel. I have noticed that Brexit has major economic impact. It has highly affected the profitability of companies operating in renewable energy sector. I have Been that due to Brexit many of organisation in renewable energy sector is facing funding issues, as before Brexit these firm were provided with funds for research and development activities. I have also noticed that changes in taxation policy by government have adverse effect on the profitability of firm operating in renewable energy industry.

Read also:
Impact of Tsunami on Tourism Destinations

Feelings:

When event was happening, I was wondering that about the way Brexit will have influence on the investors decisions related to investing in renewable sector. I have concern about the issue considering the economic impact if Brexit. I was waiting nervously to see the way nation's withdrawal from the European Union, known as Brexit, will affect companies operating business in renewable sector. I also had a thought that whether Britain meets its commitments to cut emissions of planet-warming greenhouse gases.

Evaluation:

I have noticed that when the companies in renewable energy sector was struggling for finding the sources of funding, during that time government in nation has reduced various subsidies which has assisted new technologies in becoming more commercially viable. I have noticed that , after Brexit also, EU government was committed to support renewable sector. After considering all the facts I don't see the environment side and renewable energy being predominantly high on the administration's plan.

Analysis

I have analysed that Brexit has lowers the confidence level of investors in context of making investment in renewable sector in United Kingdom.

I have also examined that government in UK has decided to set their own goals as well as policies for carbon cutting target. I perceive that the legal authority in United Kingdom should not do so. I think changing setting new targets as well as changing the policies strategy has been adopted by government in order to make admirative procedure easier. I also perceive that Brexit may bring benefits for clean energy.

CONCLUSION

It has been concluded from the report that Brexit have both positive as well as negative effect on the UK prospector to renewable sector. It has also been concluded from the assignment that Economic impact of Brexit have negative influence on investors decision related to making investment in renewable industry. Project has also concluded that changes in political conditions as well as amendments in taxation policy have adverse effect on the profitability of renewable industry. It has been concluded from the study that due to Brexit companies in renewable sector is facing funding issues.

Download Full Sample
Students have a lot of academic burdens these days that make them seek online assignment help from experts. Therefore, we have created an exclusive list of sample for almost every subject. Our highly qualified experts curated it for your assignment, essay, and dissertation help. So what are you waiting for? Explore the content written by our professionals and go ahead and seek essay writing services UK from our experts. The best part is they are available 24*7 to provide excellent assistance. So, what are you waiting for? Ask our experts, "Can you do my assignment for me, please?" You will see the magic happening in an instant.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price

SHP4.8

    FOR FIRST ORDER GET EXTRA 25% OFF

    Use Our Seasonal Offers!

    Get Up to 51% OFF

    Coupon Code

    INSTANT25
    Claim Now

    Our unique Features

    24/7 Customer Support

    100% Customer Satisfaction

    No Privacy Infringement

    Quick Services

    Subject Experts

    Innovative Documents

    100+ Qualified Writers

    For Best (Accounting) Assignment Help

    Ivor Hale
    921 - Completed Orders
    Emily Smith
    1678 - Completed Orders
    Emily SmithView Profile Hire Me
    Kate Zusak
    2961 - Completed Orders
    Kate ZusakView Profile Hire Me
    George Temby
    553 - Completed Orders
    George TembyView Profile Hire Me
    View All Writers
     
    IAH whatsapp

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance