Uk Carbon Floor

The carbon price floor was introduced in 2013 at a rate of 16 18 05 per tonne of carbon dioxide equivalent tco2e and was set to increase to 30 33 85 by 2020.

Uk carbon floor.

The uk s carbon price floor is an unpopular policy. What is the cpf. However the government more recently decided to cap the carbon price floor at 18 08 20 40 till 2021. If the uk remains in the eu ets it has been mooted that the chancellor may reduce the carbon price floor in order to hit the target carbon price and mitigate against the loss of industrial competitiveness a move that would almost certainly be supported by the manufacturers organisation eef.

Britain is aiming to establish its own domestic carbon market from 2021 that may or may not link to the eu ets the uk government confirmed on monday as part of its long awaited response to a public consultation proposing a few ambitious features of its own. Green campaigners say it s a treasury money spinner with little effect on emissions while industry says it s disadvantaging uk companies in the global market. A carbon pulse subscription is required to read this content. The carbon price floor cpf is a uk government policy implemented to support the eu emissions trading system eu ets.