Uk Carbon Price Floor
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The uk s carbon price floor is an unpopular policy.
Uk carbon price floor. The carbon price floor was introduced in 2013 at a rate of 16 18 05 per tonne of carbon dioxide equivalent tco 2 e and was set to increase to 30 33 85 by 2020. The carbon price floor cpf is a uk government policy implemented to support the eu emissions trading system eu ets. The climate change levy ccl and carbon price floor cpf bulletin is updated every 6 months it contains statistics and analysis on ccl and cpf receipts and declarations in the uk. The cpf was introduced on 1 april 2013 to underpin the price of carbon at a level that drives low carbon investment which the eu ets has not achieved.
The uk floor price is set at 18 pounds 24 per tonne until 2021. The carbon price floor cpf is a uk government policy implemented to support the eu emissions trading system eu ets. British power companies pay the difference between the eu price and the uk. Green campaigners say it s a treasury money spinner with little effect on emissions while industry says it s disadvantaging uk companies in the global market.
However the government more recently decided to cap the carbon price floor at 18 08 20 40 till 2021.
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