UK plans £16 per tonne carbon tax to replace EU ETS market

Vapour rises from a chimney at the Drax Power Station, operated by Drax Group Plc, in Selby, U.K., on Tuesday, March 11, 2014.  Photographer: Chris Ratcliffe/Bloomberg
Vapour rises from a chimney at the Drax Power Station, operated by Drax Group Plc, in Selby, U.K., on Tuesday, March 11, 2014. Photographer: Chris Ratcliffe/Bloomberg

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