Carbon price

DEFINITION: A pricing system that encourages polluters to reduce their greenhouse emissions by charging for CO2 emitted into the atmosphere. A carbon price usually comes in the form of a carbon tax, or a cap-and-trade system, which allows companies a limited, and falling, number of emissions permits.

See also: Carbon budget

See also: Carbon footprint

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The members are calling for a cap of 550g of CO2 per kwh for generators receiving capacity mechanism subsidies in the EU

Energy giants back calls to cut financial support for polluting powerplants

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Europe's major utilities companies are

Power sector urged to adopt world's first investment-grade carbon pricing mechanism

Financial heavyweights including Bank of America, Barclays and Hermes Investment Management have teamed-up to introduce the world's first investment-grade carbon pricing system for the power sector, aimed at aligning company operations with a 2°C pathway.

The coalition aims to expand carbon pricing to cover 25% of global emissions by 2020

Coalition calls for worldwide carbon price to avert climate crisis

A group of 200 organisations including national governments and global businesses has echoed calls for an international carbon pricing system to put the world on the path to meet a 2C climate change target.

The document said that leaving the loophole open risked 133 million tonnes of unearned carbon credits falling into governments hands

Leaked paper exposes EU countries' abuse of climate loophole

European Union countries exploited loopholes in United Nations forestry rules to pocket carbon credits worth €600 million and the equivalent of global-warming emissions from 114 million cars.

Scenarios were modelled on the impact on nuclear, coal and gas supply and was unable to examine impacts on technologies that operate under the Renewables Obligation (RO)

What would happen if Britain had no carbon price support?

Research from Imperial College London - commissioned by UK power station operator Drax - has found that operating without a carbon price would have increased Britain's carbon emissions by 21%, levels not seen since the 19th Century.

Did Chancellor Philip Hammond's 2017 Budget announcement fulfil the hopes and expectations of environment and sustainability professionals?

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Did Philip Hammond pull any big green surprises out of his little red box today? Or were key sustainability issues once again placed on the back-burner in the Chancellor's Spending Review? Here's the full industry reaction, as it comes in...

Chancellor Philip Hammond delivered his first Spring Budget speech this afternoon, but it contained little for sustainability professionals to get excited about

Budget 2017: Chancellor confirms electric vehicle funding, announces new recycling targets

BREAKING: Key proposals on the future of carbon pricing, renewable energy subsidies and air quality remain on the UK Government's 'to-do' list as Chancellor Philip Hammond offered relatively little for the green economy to get excited about in his 2017 Budget this afternoon.

Dr William Kyte OBE proposed the creation of a UK-based ETS scheme which mirrors the EU model

Does Brexit offer a ‘golden opportunity’ to pursue EU ETS alternatives?

With MPs set to vote on the final amendments of the bill to withdraw the country from the European Union (EU), the debate surrounding the UK's future involvement in the EU Emissions Trading System (ETS) has intensified this week with a lively debate in Parliament.

One year on from COP21, host nation France is keen to lead the climate movement and has introduced measures to ensure that it leaves a lasting green legacy

From green bonds to solar roads: France's low-carbon revolution is taking shape

History was made in France a little over a year ago when national delegates from across the world agreed on a landmark climate deal. With the Paris Agreement now ratified, the host nation is introducing a plethora of fresh green legislation aimed at transforming the way it interacts with the environment.

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.

Chancellor Philip Hammond delivered his first Autumn Statement speech to a lively House of Commons this afternoon, but it contained little to get excited about

Autumn Statement 2016: Chancellor confirms carbon price floor freeze and low-carbon transport funding

Philip Hammond has confirmed that the UK's carbon price floor will be capped through to 2020, and announced £390m of new funding for low-carbon transport, as the Chancellor delivered his first - and last - Autumn Statement on behalf of the UK Government.

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UK coal-powered electricity projected to fall by record amount

The amount of electricity generated from UK coal power stations is on track to fall by two-thirds this year, a decline which analysts said was so steep and fast it was unprecedented globally.

Democratic candidate Clinton repeated her desire to turn the US into a “21st century renewable energy superpower”, while Trump claimed the US needed to look beyond renewables

Coal would last 'a thousand years' in Trump's US

With polling day just one month away, presidential candidates Donald Trump and Hillary Clinton offered two very different glimpses into the future of US energy policy.

Joining the CPLC is the latest of the London-based firm’s global climate change mitigation drives - which also saw company lawyers play a “key role” in the COP21 process.

Baker & McKenzie becomes first law firm to join carbon price coalition

Multinational law firm Baker & McKenzie has become the first legal industry representatives to join the World Bank's Carbon Pricing Leadership Coalition (CPLC) in a commitment to help clients "respond innovatively to the risks - and opportunities" of an economically regulated low carbon future.

The CPS is calling on the Government to scrap the UK’s internal carbon tax to increase competitiveness and prolong the lifetime of coal plants

'Project blackout fear': Green economy scolds think tank research into Britain's energy mix

A new report questioning the economic value of renewable energy and phase out of coal-fired power plants has faced retaliation from green organisations for undermining the role of renewable generation in the UK's future energy mix.

With United Nations heavyweights calling for the Paris Agreement to be delivered by the end of 2016, countries need to start practicing what they preach

From the US to the Marshall Islands: Global climate action is on the march

COP21's frantic, last-minute climate deal bookmarked a new era for global sustainability, and as Intended Nationally Determined Contributions (INDCs) evolve into tangible action, edie looks at six recent instances where national action is speaking louder than words.

According to CDP, the number of large companies that use an internal carbon price will pass the 1,000 mark within the next year, with 437 companies already operating with one as of 2015

From Exxon to Jack Black: The call for a global carbon price is gathering pace

As the Paris Agreement nears its crucial ratification stage, individuals, organisations and entire nations are beginning to ease away from fossil fuels in their energy consumption habits. Now, with COP22 in Marrakech just around the corner, the call for a carbon price is becoming hard to ignore.

Under the proposal, a $40 carbon tax, rising over time, would be levied on emissions in order to encourage a shift towards renewable energy sources such as solar and wind

Exxon, BP and Shell back carbon tax proposal to curb emissions

Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change.

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