Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

30 Jun 2011 11:06:01

IPPR criticises carbon floor price policy

IPPR criticises carbon floor price policy
Government plans for a carbon floor price have been criticised in a new report from the Institute for Public Policy Research (IPPR).

According to the research, the implementation of such a policy in the UK would essentially create two prices for CO2 – one in Britain and one in the rest of Europe.

It claims this would prevent the central aim of the policy, to slash CO2 emissions, as British firms would simply sell the surplus emissions credits on to others in Europe, giving them licence to produce more CO2.

The policy would also lead to £1 billion of economic waste, the IPPR said.

"Because a floor price for carbon in the UK will depress the carbon price elsewhere in Europe, the UK will effectively hand over billions to European polluters," the institute's Andrew Pendleton said.

Instead of the current system, the IPPR recommended the implementation of a Europe-wide carbon floor price.

The Confederation of British Industry has previously warned that the carbon floor price could damage the competitiveness of sectors of the UK economy which are the heaviest energy users.  ADNFCR-1235-ID-800603243-ADNFCR

Discussion Thread  


The Low Carbon Economy Ltd Community

Related Items From Everyone

  1. 2016 Global Ethyl cellulose (EC) Industry Report is a professional and in-depth research report...

    29 Nov 2016
  2. Insumate installation is an insulation service which operates within a 50 mile radius of Penrith...

  3. Brighton and Hove City Council is planning to become the first area in the UK outside of London...

    21 Sep 2009
  4. Solar Sytems Case Studies

    An example of some of the successful installations Solmate Solar have completed.

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.