This Commons Library Briefing Paper provides an overview of the introduction of a Carbon Floor Price and the Government’s freeze of Carbon Price Support until 2021. The Government confirmed the price support would continue until coal was phased out. The Carbon Price Floor (CPF) is a UK Government policy implemented to support the EU Emissions Trading System (EU ETS). The CPF was introduced on 1 April 2013 to underpin the price of carbon at a level that drives low carbon investment, which the EU ETS has not achieved.
House of Commons Library 28th Nov 2017 read more »