A shake-up in carbon pricing policy so that UK taxpayers receive a direct annual dividend from an economy-wide carbon tax could level the playing-field for industry, help prevent carbon leakage, and boost public support for climate action, a new report from Policy Exchange will today argue. The centre-right think tank contends that taking a different approach to carbon pricing after the UK leaves the EU’s Emissions Trading System (ETS) would help reduce the cost of decarbonisation across the economy and tackle the phenomenon of carbon leakage, whereby high carbon industries relocate to jurisdictions where carbon prices are lower or non-existent, negating any EU emissions savings.
Business Green 17th July 2018 read more »
The world’s energy watchdog has sounded the alarm over a “worrying” pause in the shift to clean energy after global investment in renewables fell 7% to $318bn (£240bn) last year. The International Energy Agency said the decline is set to continue into 2018, threatening energy security, climate change and air pollution goals. Fossil fuels increased their share of energy supply investment for the first time since 2014, to $790bn, and will play a significant role for years on current trends, the IEA said. Investment in coal power dropped sharply but was offset by an uptick in oil and gas spending, the World Energy Investment report found.
Guardian 17th July 2018 read more »
IGov Roundtable on putting people at the heart of the energy system, by Catherine Mitchell. Presentation to: putting people at the heart of the energy system, Citizens Advice, London, 10th July 2018.
IGov 17th July 2018 read more »
Putting people at the heart of the energy system, by Richard Hoggett. Presentation to: putting people at the heart of the energy system, Citizens Advice, London, 10th July 2018 Source: IGov 17th July 2018 read more »