Zero emissions goal: the mess of Britain’s carbon taxes. To meet its ambitious environmental target, the UK will need a more uniform carbon price across industries. Revolutions in energy use, transportation and agriculture are required – the difficulty is compounded by the strange incentives and penalties the government imposes. If residents emit a tonne of carbon driving their cars they face a bill of £109 according to Energy Systems Catapult. If they use the lights and computer at home they pay an effective tax of £41 a tonne. If they fly there is a £26 subsidy.
FT 10th March 2020 read more »