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Date: 27 May 2021
UK bets on cap-and-trade [NGW Magazine]
Jan 6, 2021 7:15:am
Summary The UK has set steeper near-term targets for CO2 emissions than the EU, but its national cap-and-trade scheme has to deliver cuts in line with its ambition. [NGW Magazine Volume 6, Issue 1]
by: Andreas Walstad
The UK in late 2020 set a CO2 emissions reduction target of 68% by 2030 compared with 1990 levels, which overshoots the recently agreed EU target of 55% CO2 reductions.
A well-functioning carbon market will be key to achieving emissions reductions, not at least in the power sector, to support the energy transition towards more renewables with gas as a supporting fuel at least in the medium term. A robust carbon price under the UK emissions trading scheme (ETS) should continue to favour gas over coal in power, as has been the case with the EU ETS and the UK carbon floor price. Government data released December 22 showed that gas-fired power generation increased by 6% year-on-y
she searched his bed roof after mistake. she said she found a saline bag in the room with a propofol bottle inside. prince harry or captain harry wales as he s known in the british military is bound for the united states. he ll soon begin helicopter gun ship training at bases in california and arizona. those are the headlines from cnn the world s news leader. i m monita rajpal, world business today starts right now. good morning from cnn london. i m nina dos santos. and good afternoon from cnn hong kong, i m andrew stephens. welcome to world business today. the top stories this friday, october 7th. european stock markets face further turmoil as moody s down grades the credit rating of 12 british banks. and could eu measures to change carbon taxes spark a new trade war? a luxury brand is forced to slum it as commercial rents skyrocket here in hong kong. first though to the stock markets, european banking stocks have been falling in the last hour or so that the