Kiran Stacey UK ‘leads the field in incentivising low-carbon’

After my earlier pessimistic post (at least it was for green campaigners and those in low-carbon energy production) on the hopes of setting a high and stable carbon price, there is a very different message in a report from The Climate Institute in Australia.

It claims that the UK leads the field in incentivising low-carbon technologies, and that the government’s policies have led to an implied carbon price of $28 per tonne.

If so, that is higher than the €15 a tonne at which carbon is currently trading, but nowhere near the €80 and €90 the industry says is needed.

I won’t repeat the report in full, but this graphic is very interesting: