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Carbon floor price launches at 16 per tonne
2013-04-01 01:36:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The government has imposed a minimum price for companies emitting carbon, despite concerns that the measure will drive up energy bills while having a negligible impact on global greenhouse gas emissions. The new carbon floor price, which came into effect yesterday, will see firms charged 16 per tonne of CO2 for fuels used for power generation this year. The move is designed to provide a long-term price signal for low-carbon investors and will increase gradually every year to reach the Treasury's...
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Category:Electronics and Electrical