UK should retain carbon price floor to support coal phase-out – report

Policy Exchange paper argues government should stick with carbon price floor until coal is fully forced off the grid, reports BusinessGreenPolicy Exchange has become the latest organisation to call for the retention of the UK’s carbon price floor ahead of next week’s autumn statement, arguing changes to the policy would seriously undermine the government’s efforts to phase out coal power by 2025.The influential thinktank joins the CBI and trade body Energy UK in arguing the levy should be kept in place, despite lobbying from some industry groups calling for it to be axed. Continue reading...