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The carbon price floor: disliked, divisive and about to be frozen

Posted on 18 March 2014

A controversial government measure aimed at increasing the price of fossil fuels looks likely to be frozen in this week’s budget, in a move the Telegraph says will ” reignite the row over green taxes”. But unusually for low carbon legislation, the carbon price floor (CPF) is unpopular with green campaigners, while attracting support from some in the energy industry. What is it, and why is it earmarked to be chopped?
Designed to reduce greenhouse gas emissions from electricity generation, the CPF first appeared in George Osborne’s budget speech in March 2011. The chancellor announced the government’s intention to increase certainty for investors in low-carbon generation by putting a minimum price on the greenhouse gases emitted by the power sector………………………………………..Full Article: Source


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