There has been plenty of technical debate over the years about the best way to put a price on carbon emissions. Some favour a carbon tax while others favour emissions trading systems. There are arguments on both sides. However if Government is serious about Net Zero, it must implement a UK Emissions Trading System in 2021.
The UK’s withdrawal from the EU Emissions Trading System and the implementation of a UK
Emissions Trading System (ETS) provides the UK with a historic opportunity to improve the
economy-wide coherence of incentives to reduce emissions and achieve Net Zero by 2050.
Energy Systems Catapult policy advisor, Dr Danial Sturge, explores the agriculture, forestry and other land use (AFOLU) sector and policies to incentivise lower emissions, following the publication of a new report as part of Energy Systems Catapult’s Rethinking Decarbonisation Incentives project.
A new project called “Rethinking Decarbonisation Incentives” is taking a fresh look at how the UK could improve incentives to cut emissions efficiently across the economy at best value for consumers, business and taxpayers.
Energy Systems Catapult welcomes the publication of Professor Dieter Helm’s report on Cost of energy: independent review and the chance to contribute to the debate via this call for evidence.