In the week when UK emissions are reported to be up 3.1% it is disappointing to hear that the UK’s setting of a carbon floor of £25.00 per tC will have a potentially negative impact as power producers will ship generation elsewhere, meaning that emission levels will remain the same and the national economy will be adversely impacted by the move.
The Government’s Energy and Climate Change Select Committee announced the findings and stressed that the UK Government would be better served to make the EU Emissions Trading Scheme work more effectively than to try and do something on its own.
It is widely held that the value of carbon is too low and some form of underpinning is necessary to drive emission reductions, it is just such a shame that the ideal solution has yet to be found. It’s also a shame the the UK Government’s efforts to prop up the value of this ‘stock’ could be a hindrance rather than a help.
The Government’s Energy and Climate Change Select Committee announced the findings and stressed that the UK Government would be better served to make the EU Emissions Trading Scheme work more effectively than to try and do something on its own.
It is widely held that the value of carbon is too low and some form of underpinning is necessary to drive emission reductions, it is just such a shame that the ideal solution has yet to be found. It’s also a shame the the UK Government’s efforts to prop up the value of this ‘stock’ could be a hindrance rather than a help.
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