Government urged to retain price floor, as pressure to reform global carbon taxes mounts

Madeleine Cuff
clock • 4 min read

Chancellor Philip Hammond due to set out future for three-year-old carbon price floor in November's Autumn Statement, as OECD exposes persistent 'carbon pricing gap'

Energy companies are urging the government to retain a controversial carbon tax credited with accelerating the demise of coal power in the UK. In a letter to the Chancellor Philip Hammond, leading UK...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Madeleine Cuff
Author spotlight

Madeleine Cuff

View profile
More from Madeleine Cuff

From SEMTA to Enginuity: Engineering skills body rebrands

Inside Enginuity's plan to build a workforce for the future

More on Carbon Trading

Study: Core Carbon Principle-labelled credits command 25 per cent price premium
Carbon Trading

Study: Core Carbon Principle-labelled credits command 25 per cent price premium

Demand for high-integrity credits driven by US, where carbon removals projects are issuing around 20 per cent of global supply, study finds

Stuart Stone
Stuart Stone
clock 05 December 2025 • 3 min read
Law firm Clyde & Co announces innovative five-year carbon removal deal
Carbon Trading

Law firm Clyde & Co announces innovative five-year carbon removal deal

Clyde & Co partners with Nature Broking on pioneering balance sheet treatment that transforms sustainability investment from cost to asset

Amber Rolt
clock 27 November 2025 • 3 min read
Study: Voluntary Carbon Market increasingly seen as 'proven' route for driving climate action
Carbon Trading

Study: Voluntary Carbon Market increasingly seen as 'proven' route for driving climate action

Two-thirds of sustainability professionals trust recognised VCM standards, but 46 per cent stress clearer policy is needed to further scale the market

Stuart Stone
Stuart Stone
clock 04 November 2025 • 5 min read