This article gives the details. But it’s not all bad news –
while a tax might sound more onerous than a market, analysts say that this tax approach will mean an easier ride for companies in the UK than in the EU – potentially distorting the European carbon market and putting the UK at risk of failing to meet its emissions reductions targets.
The price of carbon in the EU ETS is currently around £26 per ton. The UK’s rate would be £10 cheaper.
via climate science
September 12, 2019 at 01:30AM