Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what recent assessment she has made of the North Sea Transition Authority's (a) efficacy as a regulator and (b) ability to support the delivery of the Government's climate targets.
The Energy Act 2016 requires the North Sea Transition Authority’s (NSTA) performance to be reviewed at least every three years. The report (https://www.gov.uk/government/publications/oil-and-gas-authority-review-2022) following the second such review, which also met the requirements of the Cabinet Office’s Arm’s Length Body Review Programme, was published in June 2023. It found that the NSTA is in good health and effective in meeting its statutory requirements. The Authority plays a crucial role in helping to achieve the Government's commitment to reach net zero emissions by 2050 while supporting energy resilience and the drive to develop home-grown hydrogen and carbon storage.