The UK government’s post-Brexit ambition for a net zero carbon market could be world-leading – but current plans repeat many of the mistakes of the EUETS
Brexit has frozen UK participation in the ETS – we estimate that the UK government will forgo at least €1.3 billion in auction revenue this year
There are many questions to be answered to pass the ‘Bridge of Death’ and avoid the ‘Gorge of Eternal Climate Peril’ in the event of a no-deal Brexit
A coalition of environment groups wrote to the Chancellor calling for a strong carbon price to keep coal emissions low.
Today, the European carbon price hit 20 Euros. Our analysis shows rising carbon, coal and gas prices mean that for the first time new onshore wind and solar can compete with the short-term costs of generating electricity from existing coal and gas plants.
The UK is already leading the world in phasing out coal, but National Grid’s Future Energy Scenarios show we can phase-out coal even earlier, by 2022