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https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN05927
The CPF taxes fossil fuels used to generate electricity via Carbon Price Support rates set under the Climate Change Levy. The price floor consists of two components which are paid for by energy generators in two different ways: (i) The EU ETS allowance price; and (ii) the Carbon Support Price (CPS), which tops up the EU ETS allowance prices, as projected by the Government, to the carbon …Cited by: 2
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/42639/consult_carbon_price_support_condoc.pdf
this document, as it includes carbon price support with a package of further measures. 1.4 In addition, the Government is keen to engage business and the public on its proposals to create a Green Investment Bank (GIB) that will support investment in low-carbon and other types of infrastructure.
https://researchbriefings.files.parliament.uk/documents/SN05927/SN05927.pdf
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.
https://www.theccc.org.uk/2014/03/31/the-budget-freeze-in-carbon-price-support/
Mar 31, 2014 · The Carbon Price Support tops up the carbon price from the EU Emissions Trading System to the published UK ‘floor price’ trajectory, which rises to £32 per tonne in 2020 and £75 in 2030. The trajectory remains, but the top-up has now been capped (at £18 per tonne) to 2020 – unless...
https://publications.parliament.uk/pa/cm201012/cmselect/cmenergy/742/74209.htm
A Carbon Price Support (CPS) (or "carbon floor price") will improve incentives for investment in low-carbon electricity generation by setting a minimum price for carbon emissions, which would increase the price paid for generation by fossil fuel fired power stations. Low-carbon generators, on the other hand, would have to pay relatively little.
https://www.worldbank.org/en/news/press-release/2017/05/29/new-global-pathway-on-carbon-pricing-can-shift-finance-to-sustainable-investments-world-bank
Roome said that a strong, predictable carbon price trajectory, as called for in the report, would help provide the stability the private sector needs to move investment into long-term, climate-friendly projects and help guide governments to integrate climate risks and opportunities into their planning and budgeting.
https://sandbag.org.uk/wp-content/uploads/2016/11/Why_the_Carbon_Price_Support_matters_Nov_2016.pdf
Why does the UK Carbon Price Support matter? November 2016 The UK Carbon Price Support is making remarkable progress in decarbonising the UK’s electricity. By charging fossil fuel plants £18 per tonne of CO2 to cover some of the external costs of the carbon dioxide they emit, the Carbon Price Support is driving coal off the UK energy system.
https://www.gov.uk/government/publications/excise-notice-ccl16-a-guide-to-carbon-price-floor/excise-notice-ccl16-a-guide-to-carbon-price-floor
Carbon price support rates of Climate Change Levy - designed to reflect the amount of carbon dioxide produced when CPS rate taxable commodities are burned to produce electricity: CPS rates of fuel ...
https://uk.reuters.com/article/uk-britain-utilities-carbon/four-uk-power-firms-call-for-carbon-price-floor-extension-idUKKBN1CR0YQ
Oct 22, 2017 · The UK floor price is set at 18 pounds ($24) per tonne until 2021. The EU carbon price is around 7 euros ($8) a tonne. British power companies pay …
https://www.gov.uk/government/collections/carbon-valuation--2
Oct 07, 2013 · In December 2007, the approach to carbon valuation adopted the use of the shadow price of carbon (SPC) as the basis for incorporating carbon emissions in cost-benefit analysis and impact assessments.
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