UK fast-track coal phase-out may create market anomalies

The UK’s new standard on CO2 emissions is tougher than that proposed by the EU and could result in market distortions The UK’s new standard on CO2 emissions is tougher than that proposed by the EU and could result in market distortions.
By Peter Stewart 10 January 2018 0 29029
A coal power station in the UK. The UK's Ratcliffe-on-Soar coal power station. (PA)

The UK’s roadmap towards phasing out coal, announced just after the new year, puts it in the fast lane among EU member countries in eliminating the most polluting fossil fuel from its energy mix. 

The market impact of the differing standards is uncertain at this stage, because the proposals are subject to revision before they become law, but the development could result in potential market anomalies post-Brexit. 

The UK government announced on 5 January that it will set an emissions limit of 450 grams of carbon dioxide...

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