by University College London, Phys.org
The carbon tax legislation, known as the Carbon Price Support, has resulted in a 93% decrease of electricity generated by coal in the UK.
- The tax was introduced in 2013 but the energy sector saw a vast decrease in coal dependency once the tax was increased in 2015
- Coal generation was replaced with other emitters like gas and resulted in electricity imports from neighboring countries
- Great Britain hopes to be a positive influence to it’s European neighbors by showing how beneficial a carbon tax can be for the environment and economy
The Climate Center focuses on getting a price on carbon that reflects the actual cost of fossil fuel to our economy and environment, and includes climate dividends.