carbon pricing

North Sea

The impact of carbon pricing on the UK

Earlier this month saw the EU Emissions Trading Scheme (EU ETS) daily carbon price hit €40.  The EU ETS has been in place since 2005 and covers power and heat generation; energy-intensive industry sectors (including oil refineries, steel works and production of iron, cement, etc); and commercial aviation. For many years the carbon price traded below €10 but since 2018 the price had increased more than three-fold.

Opinion

Zero hour: Four ways governments can unlock green businesses at COP26

In the “business-as-usual” version of 2020, global leaders should have been gathering this week in Glasgow for the most important meeting on climate since the Paris Agreement five years ago.