Renewables provided a record 37.1% of the UK’s electricity last year, and prospects for continued growth look good, with renewables taking over in many sectors, but there will also be a need to push carbon based energy out of even more markets. An independent ‘Zero Carbon Commission’ was set up in February 2020 to review the UK emissions pricing landscape, and explore how it might be re-designed to be consistent with the UK's 'net zero' carbon target. Members include Lord Adair Turner, UCL Prof. Paul Ekins and Baroness Bryony Worthington. In an interim report , based on an initial review and public opinion survey , the Commission propose ‘a phased, sectoral approach to carbon charging to help fund a fair, green transition towards net zero’. It says that, under this plan, ‘by 2025, there would be a simple carbon charge of £55/tCOe (carbon dioxide and equivalents) on greenhouse gas emissions ...
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