Carbon Price Floor

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Chile and South Africa are mooted to add carbon prices, but it is the potential inclusion on China that would see carbon pricing account for at least 20% of global emissions next year

Quarter of global emissions could be covered by a carbon price in 2017, says World Bank

If policymakers can embed a carbon price within "complimentary" green legislation, then climate change mitigation costs could fall by almost a third by 2030, a new report from the World Bank has found.

Companies including Lotte Chemical and Diageo will be contributing to the research process, which will see small-scale CCS technology installed at a wide range of industrial sites

Scotland turns to carbon capture to alleviate industrial pressure

Researchers from Scotland have been awarded £2.8m to investigate how Carbon Capture and Storage (CCS) can support the UK's efforts to reduce emissions in the manufacturing sector, after scientists claimed that a massive CCS drive will be necessary to combat climate change.

Energy and electricity prices are being blamed for the UK steel industry's failings

Tata Steel crisis: Four green solutions for the struggling steel industry

As the Tata Steel crisis rumbles on, commentators are pointing fingers at energy prices and green policies as key reasons behind Tata's decision to exit the UK. Are they right, or could a reformed green policy landscape and enhanced focus on sustainability actually end up convincing energy-intensive manufacturers to stay put?

Energy intensive industries in the UK are currently spending around £390m a year through energy policy costs

Manufacturers seek security as Government launches consultation on energy cost relief

Manufacturers have warned that permanent exemption from energy policy costs is the 'only long-term solution' that can secure the future of energy intensive sectors such as the steel industry, after the Government opened a consultation which could save these industries £390m a year.

The UK's carbon price floor rose from ?9.54 to ?18.08 in 2015 - a far cry from the European value of ?4 per tonne of carbon

Scrapping carbon price floor would 'level the playing field', manufacturers claim

EXCLUSIVE: Clearer policy amendments, including the scrapping of the carbon price floor, would prove instrumental in securing the long-term stability of Britain's energy-intensive companies, the manufacturer's organisation EEF has claimed.

Keep the lights on with tax reliefs

It's not surprising that amid all the fears of energy inflation, driven in part by the Government's introduction of the carbon price floor last April, 60% of UK businesses are looking hard at ways to improve their energy efficiency this year, says Roger Skinner.

Budget 2014: Many will argue that manufacturers came out on top, while environmental policy again took a step back

Budget 2014 response round-up: Who said what

Today's Budget saw the Chancellor cap carbon tax and once again favour economic recovery over environmental resilience. Stirring up mixed reaction across industry, here's a rundown of who said what.

George Osborne announced a £7bn package to cut energy bills in today's Budget

Budget 2014: Osborne caps carbon tax as part of his 'Budget for a resilient economy'

The Chancellor George Osborne has confirmed a cap on the Carbon Price Floor at £18 per ton of CO2 from 2016-2017 to the end of the decade.

The Chancellor George Osborne will deliver his Budget speech today with some predicting a freeze on the Carbon Price Floor

Budget 2014: U-turn on Carbon Price Floor will 'muddy an already confused landscape'

The future of the Carbon Price Floor has come under the spotlight this week, with concerns that the Chancellor George Osborne may freeze the policy in today's Budget.

Chancellor George Osborne will deliver the Budget speech on March 19

Budget 2014: Energy investment must prevail

In the upcoming Budget, the Chancellor must place investment in energy at the centre of his priorities if the UK's economic growth is to continue. Mark Stewart outlines the measures required to create confidence amongst investors and the areas where clarity is needed.

Chancellor George Osborne will deliver the Budget speech on March 19

Manufacturers call on Osborne to boost energy efficiency

Four major industry associations have called on the Chancellor George Osborne to both address rising energy costs and support investments in industrial energy efficiency measures.

Government policies failing business as energy costs set to rise 22% by 2020

Businesses that are 'medium-sized users of energy' currently face 21% higher energy costs as a result of Government policies, according to new research.

Metal industry calls for EU ETS backloading rethink

The President of the European Commission has been urged to scrap plans that would see carbon backloading within the Emissions Trading Scheme (ETS) in an open letter sent today from CEOs of the largest non-ferrous metal companies.

EU ETS £250m compensation scheme needs 'tightening' warn MPs

Large companies already profiting from the over allocation of EU Emissions Trading System allowances (ETS) could be over-compensated by the Government, MPs have warned.

Construction is one of the most energy intensive industries

Energy intensive businesses to be exempt from low carbon costs

The Government will exempt energy intensive industries from costs arising from new long-term 'contracts for difference' (CFD), which are designed to increase investment in low carbon technologies.

Sharp hike for carbon floor price

The Government has set the 2014-15 carbon price support rate at £9.55 per tonne of carbon dioxide equivalent.

Chancellor urged to drop CPF plans

The Confederation of Paper Industries (CPI) has warned the chancellor George Osborne that the proposed Carbon Price Floor (CPF) could damage the competitive position of the UK's energy intensive industries.

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