The UK government can offer businesses more certainty by increasing the UK ETS carbon price floor – ahead of alignment with net zero.
With one month until Brexit, a linked UK- EU carbon market is now impossible. The government should commit to a carbon tax.
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
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.
Yesterday’s deal was unimaginable when the EU Clean Energy Package was proposed in 2016 – but it’s still not keeping pace with the Paris Agreement