Policy & Regulation

UK to keep carbon price ‘at the current level’

The UK will keep its carbon price floor at the current level until coal is phased out.
By Staff reporter 23 November 2017 0 28534

The UK will maintain its carbon price floor at the current level until coal is phased out, the Treasury announced in the 2017 autumn budget on Wednesday.

"The government is confident that the Total Carbon Price, currently created by the combination of the EU Emissions Trading System and the Carbon Price Support, is set at the right level, and will continue to target a similar total carbon price until unabated coal is no longer used. This will deliver a stable carbon price while limiting cost on...