Minutes of UKEB Private Meeting 18 May 2023

PRESENT:

Administrative Matters

1. Welcome and apologies for absence Apologies were noted from Phil Aspin.
2. Declaration of interests There were no declarations of interest.
3. Minutes of the last meeting The Board approved the minutes of the meeting held on 27 April 2023 for publication.
4. Action Log The Board noted progress against the action log arising from previous meetings.
5. UKEB Forward Agenda The Board considered the Forward Agenda.
6. Transparency Register for Web Publication The Board approved the Transparency Register for publication, subject to additional declarations.
7. Gifts & Hospitality Register The Board approved the Gifts & Hospitality Register for publication.

1. Operational Update

• The Board received an update on UKEB operational matters.

2. FRC Audit & Risk Committee Chair

• The Board welcomed the FRC Audit and Risk Committee Chair and FRC Executive Director of Regulatory Standards to discuss the FRC oversight findings for the 2022/23 reporting period.

3. Annual Report to Parliament on Delegated Functions

• The Board considered the draft UKEB Annual Report to Parliament 2022/23 on Delegated functions.

4. Technical Director's Updates

• The Board approved the UKEB's work plan for publication on the website, subject to minor amendments.

5. Horizon Scanning Update

• The Board received a horizon scanning update on the economics of carbon markets.

6. Other Board Member Updates

• There were no updates to note.

7. Any other business

• There was no other business discussed.

The meeting ended at 17:15 hrs.