Carbon Price Floor


Related content

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

Budget 2017: The green business reaction

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.

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.

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.


Suggested keywords