Daily Archives: June 3, 2011

David Blair

Last month, Nick Clegg cited the government’s Carbon Price Support Mechanism as “exactly an example” of a policy being introduced in an “absolutely predictable” way. This measure, announced in the last budget, will force all polluters to pay more for the carbon dioxide they produce. Clegg told a business audience in London that all emitters would start by paying £16 per tonne in 2013 and the amount would then rise annually until 2020.

In fact, the situation is not quite as simple or as predictable as he suggests.

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