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This weekly round-up explores how businesses across the world are ramping up efforts across all areas of sustainable development

Carbon pricing calls and rubbish-fired plastics plants: The sustainability success stories of the week

As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.

The UK Government is currently deciding whether to legislate for a net-zero economy by 2050

Report: Electricity generation carbon prices to treble by 2050

Carbon prices for electricity generation should more than treble by 2050 and VAT rates on domestic energy use hiked to help drive emissions off the grid, according to a new report.

DSM is setting an ambitious target to reduce indirect value chain emissions by 28% per ton of product produced by 2030

DSM emissions goals approved by Science Based Targets initiative

Science-based reduction targets for greenhouse gas (GHG) emissions have been put in place by global nutrition, health and sustainable living firm Royal DSM.

EU nations will benefit from a 1.1% rise in average GDP, according to the report

How meeting the Paris Agreement will improve global economic growth

A new report has outlined that meeting the 2C target established as part of the Paris Agreement will improve global GDP and boost investment. Here, edie explores how nations can make this vision a reality.

edie has provided a round-up of the areas where Chancellor Philip Hammond could deliver for the green economy

Autumn Budget preview: Five green policy predictions ahead of Philip Hammond's statement

A new levy on plastic packaging? A watered-down carbon price? An increase to the Climate Change Levy (CCL)? edie previews the green-related announcements likely to be included in the Autumn Budget on Monday (29 November).

King also joined the growing list of experts and policy leaders calling of the UK Government to enshrine a net-zero carbon goal into law. Image: Foreign and Commonwealth Office

Sir David King: Urgent focus needed on climate 'restoration'

The UK Government's former chief scientific advisor Sir David King has called for a $150 carbon price to be implemented globally and for the UK Government to focus on a net-zero emissions policy for 2045 to start to "repair and restore" the climate.

A carbon divided would “lock in” political and public support for climate change action, the report states

Economy-wide carbon tax would create 'level playing field' for UK businesses

An economy-wide carbon tax is needed to reduce the cost of decarbonisation and level the playing field for the UK's heavy industry, according to a new report from think-tank Policy Exchange.

Six of the top ten supplier leaders are based in Europe

'High risk' meat and fish sector failing to combat climate-related business risks

More than half of global meat and fish suppliers have been labelled as "high risk", with new research warning that the sector is failing to manage sustainability issues such as greenhouse gas emissions and antibiotics stewardship.

Since the ETS negotiations were brought to a close in November, the price of carbon has increased 25%

EU's carbon market update clears final hurdle

The Council of the EU has given the final stamp of approval to an update to the European Union's Emissions Trading System (ETS), which hopes to help the bloc cut emissions by 40% by 2030.

The company had already reached its 2020 emission targets for production

Drop the C: Heineken outlines science-based targets ambition

Brewer Heineken has today (12 February) unveiled a new sustainability strategy that commits to ramping up renewable energy production, piloting an internal carbon price and setting science-based targets across distribution, cooling and packaging.

European carbon prices have risen 15% since negotiators first struck the deal in November and were trading at around €8.90 per tonne after the vote

Parliament rubber-stamps EU carbon market reform

European lawmakers voted in favour of a deal to reform the EU's carbon market after 2020 on Tuesday (6 February), as well as bolstering prices in the bloc's flagship tool for reducing greenhouse gas emissions.

Less than 6% of this auction’s power reserve comes from renewables, while less than 2% is covered through energy storage. In contrast, coal secured an 8% share

Capacity Market Auction: 'Bizarre' Government policies blocking renewables funding

The provisional results of the latest Capacity Market Auction were released by National Trust today (2 February), leading to the closure on a coal-fired power plant and concerns from the renewables sector that clean technologies are being blocked from finance.

The statement calls on G20 nations to lead the transformation by “initiating and implementing” and “global paradigm shift” on an energy transition

Global companies call on nations to push for 'well-below' 2C Paris target

More than 50 global companies including Unilever, M&S and Adidas have called on nations meeting in Paris to discuss climate progress, to phase-out fossil fuel subsidies by 2025 and create the framework to limit global warming increases to well below 2C.

Experts say it will be vital for the Chancellor to maintain a “meaningful” carbon price in the Autumn Budget next Wednesday (22 November) if the UK is to meet its climate change pledges

UK surges into top 10 low-carbon electricity rankings

Britain has for the first time entered the top 10 rankings of a league table which compares large and industrialised countries on the carbon content of power supplies.

At a global level, the report claims that the evolution of generation and storage technologies makes the growth of renewables “unstoppable”

Pricing mechanisms needed to secure renewable energy acceleration, report finds

Falling costs in renewable energy technologies has put the UK on course to meet its 2030 renewables development objective, but a higher carbon price market is needed to spur acceleration, a new report from global IT consultancy Capgemini has found.

Businesses are also pushing to provide input into the Facilitative Dialogue, which outlines what increased ambitions will be issued as part of the next round of NDCs. Image: BMUB

Carbon price among policy wishlist issued by businesses at COP23

Members of the World Business Council for Sustainable Development (WBCSD), including the chief executives of more than 200 international businesses, have called for governments to collaborate with the private sector to set meaningful carbon prices and improve climate resilience.

Lord Stern noted that businesses and government's weren't good at

Lord Stern: Flexible policy approach will catalyse low-carbon transition

Lord Nicholas Stern has called on governments across the world to implement "predictably flexible" policy frameworks that enable businesses to map investment opportunities during the transition to a low-carbon economy.

Both SSE and Drax need a healthy carbon price to ensure the economic case stacks up for their hopes of building new gas power stations

UK energy firms call on chancellor to boost carbon tax

Two of Britain's biggest energy companies have called on Philip Hammond to strengthen a carbon tax that has driven a dramatic collapse in coal power generation, arguing it is essential for the shift to cleaner energy.

Scrapping the carbon price support would reduce total electricity costs by around £2.6bn annually

Higher carbon price needed to phase out UK coal generation by 2025

Following plans with Canada to launch global alliance to encourage nations to phase-out coal use, the UK Government has been informed that a carbon price of £40 per tonne may be required to shut down all remaining coal plants by 2025.

CDP notes that nearly 500 companies are potentially vulnerable to the effects of carbon pricing regulation through their failure to internalise the cost into their business

CDP: Huge leap in multinationals adopting internal carbon price

A new CDP report has highlighted an 8-fold increase in the number of large multinational factoring an internal carbon price into business strategies over the past four years.

Schroders estimates the current global price to be roughly $1.60 a tonne of CO2e

Carbon tax could wipe out polluters' profits in pursuit of Paris targets

More than $1.5tn (£1.2tn) in company profits worldwide could be erased by taxes required to meet the Paris climate agreement, according to analysis by Schroders.

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

A coalition of thirteen energy industry firms, including Siemens, Shell and Total, have launched a new joint initiative to limit the amount of state aid subsidies that are sent to highly-polluting fossil fuel plants across the European Union (EU).

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.

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.

Energy industry sources said the forecast for 2016 appeared to be broadly in line with expectations

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.

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.

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.

With investors playing a big role in reducing corporate emissions, Felipe Calderón believes now is the time for the implementation of a universal carbon price

Felipe Calderón: Universal carbon pricing and green bonds needed to entice investors

Former President of Mexico and chair of the Global Commission on the Economy and Climate Felipe Calderón has called for a universal carbon pricing mechanism to promote private investment in low-carbon technologies and "get the job done" following the Paris Agreement.

COP21 President Ségolène Royal urged European Countries to follow the example set by her home nation of France in not only ratifying the Paris Agreement but also adopting a national carbon price

UN heavyweights call for Paris ratification by end of year

UN Secretary-General Ban Ki-moon, UNFCCC Executive Secretary Christiana Figueres and COP21 President Ségolène Royal have all called on the world's governments to "turn aspirations into urgent implementation" by ratifying the Paris Agreement ahead of the COP22 climate talks at the end of the year.


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