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Only new fiscal rules will avoid a Budget carbon COP out

Business Green

The Treasury should set in stone a new fiscal rule for an annually-increasing carbon price in the UK, argues SSE chief executive Alistair Phillips-Davies. Ahead of COP26 in Glasgow I think it's imperative the Treasury installs a new fiscal rule: the need for an annually increasing carbon price.

COP 60
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The Net Zero Strategy: The Reaction

Business Green

BusinessGreen rounds up the best of the reaction from the low carbon economy to the government's flagship roadmap for achieving net zero emissions by 2050. Business Secretary Kwasi Kwarteng said: "There is a global race to develop new green technology, kick-start new industries and attract private investment.

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'We are witnessing the impacts of a disorderly transition': CCC boss Chris Stark on net zero in the wake of Covid-19

Business Green

Meanwhile, public polling suggests bailing out high carbon companies without attaching carbon reduction targets would be an unpopular move. With so many planes grounded, airlines are perhaps the most high profile example of struggling high carbon firms seeking state support to survive. "I