REA comments on Carbon Pricing announcement

Dr Nina Skorupska CBE FEI, Chief Executive at the REA said:

“This is good news for the industry, introducing a UK ETS scheme and a strong carbon price provides clarity, shows commitment to continuing to work as partners with Europe on carbon prices post Brexit and highlights the Government’s dedication to achieving Net Zero.

“Whilst a great first step, we urge the Government to go further and faster, expanding the carbon price beyond the power sector into heat and transport as seen in other countries and setting a carbon price in line with Net Zero by the end of the year to further incentivise a green recovery.”

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Notes to Editors

  • The full announcement is available here.
  • The minimum price set out is £15/t.
  • The deadline for reviewing the carbon prices in line with the Committee on Climate Change’s sixth carbon budget is 2024. The sixth carbon budget will be published at the end of this year.

About the REA

The Association for Renewable Energy and Clean Technology (known as the REA) is the UK’s largest trade association for renewable energy and clean technologies with around 550 members operating across heat, transport, and power. The REA is a not-for-profit organisation that represents renewable energy and clean technology companies operating in over fourteen sectors, ranging from biogas and renewable fuels to solar and electric vehicle charging. Membership ranges from major multinationals to sole traders.