The UK has frozen its carbon levy on fossil fuel-based generation at ￡18/t CO2 (?21/t CO2) for the next four years, in line with the government’s budget in March. But the Treasury Wednesday said it is still considering the “most appropriate mechanism” for determining carbon prices beyond the 2020-21 financial year. Introduced in 2013 to top up low EU emissions trading scheme (ETS) prices in an effort to move towards cleaner energy sources, the carbon price floor has sharply reduced the profitability of coal power.
展开▼
