Consultation Response: UK Emissions Trading Scheme: Future Markets Policy
T&E UK agrees with the authority’s assessment that the auction reserve price (ARP) should be retained. Furthermore, the ARP should be increased annually.
ARP being retained and increased annually would provide increased certainty to investors and institutions about future costs of burning fossil fuels. It would also provide more certainty to current Government plans and strategies that are reliant on an increased future carbon price. In calculating the future carbon price, the current published DESNZ carbon values should be used as a starting point.
Related Articles
View All
Now is not the time to reduce ambition on tackling aviation emissions
The UK Government is considering watering down its most important policy to reduce emissions from flying whilst untaxed aviation emissions hit record ...
The State of UK Transport
The UK’s Zero Emission Vehicle mandate is driving real prog electric HGVs, tackling growing maritime emissions, and supporting refinery transitions to...
