Economics

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In a speech on 22nd March at the European Commission conference on sustainable finance in Brussels, French President Emmanuel Macron argued for a higher carbon price plus carbon tariffs at Europe’s borders. He said that the successful transition to a low-carbon economy requires financial market reforms to  drive investment into clean technologies. Though this was…

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Priti Patel MP, former International Development Secretary, has criticised the big multilateral development banks for refusing to allow UK taxpayers’ money to be used to support energy projects that are not classed as renewable, pointing out that just over a billion people are still without access to electricity. renewables are important, but the reality is…

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I was looking at my electricity bill the other day and I noticed how little of it was paying for actual energy. In fact only 41% of what SSE charged me went to Buying the energy our customers use It is mostly admin, distribution, profit and tax or quasi-tax (5% VAT and 12% government ‘schemes’).…

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There’s a budget tomorrow, and as we reported recently, some energy companies have been putting pressure on the chancellor to increase the carbon price floor, the UK’s carbon tax, currently set at £18 per tonne, which has helped us reduce the proportion of our electricity we get from burning coal, the dirtiest fossil fuel of…