Anu Ramanathan, UK power editor, reports on the UK's decision to hold the Carbon Price Support rate at £18/mt until 2020 in a bid to provide certainty to businesses.
This carbon tax, which has shrunk coal-fired power generators’ profit margins over the recent years, has also helped UK’s transition to a low carbon economy. But the UK government failed to lay out plans beyond 2020s in its latest budget statement, stirring up questions over the future strategy for carbon pricing in a post-Brexit era.