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U.K. Power Plan May Require Carbon Price of $34 a Ton in 2013
2010-12-16 13:46:16.591 GMT
By Catherine Airlie
Dec. 16 (Bloomberg) -- The U.K. proposal to overhaul its
power market may require carbon-dioxide emitters to pay 22
pounds ($34) for every metric ton they emit in 2013, according
to a Redpoint Energy analysis.
Redpoint Energy, a London-based consultant, said in a
report published today on a U.K. government website that CO2
prices would need to rise to 50 pounds a ton by 2020 and 70
pounds a ton by 2030 to encourage investments in nuclear power
and achieve emissions targets for 2030.
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To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
