Carbon pricing instruments generate around $5bn in revenue, representing a 17% increase from last year, however, the full potential of carbon pricing ‘remains largely untapped’
The new Industrial Decarbonisation Strategy sets the vision for the world’s first low carbon industrial sector, slashing emissions by two-thirds in just 15 years
Around 57% of the public would also support a policy to increase taxes on polluting businesses, according to a new report
IHS Markit notes the market is currently trading around 40% down since early March
That’s according to Michael Azlen, Founder and CEO of Carbon Cap, who told ELN the climate crisis is now at a point where ‘every policy lever needs to be pulled’
The Department for Business, Energy and Industrial Strategy (BEIS) is planning for the future of carbon pricing in a no-deal Brexit.
The Committee on Climate Change says must used as part of a wider suite of policy instruments.
A joint consultation has been launched by the UK Government and the devolved administrations in Scotland, Wales and Northern Ireland
The business and energy secretary believes cheap power ‘is now green power’
Only Canada and France generate more income from carbon pricing schemes than they spend on fossil fuel subsidies