30 May '11, 1am

That carbon floor price - now you see it...

Well we've got a carbon floor price of sorts, or we will have in 2013. And it is going to be, as the chancellor said in his Budget speech "around £16". So let's do the calculations then: it's a floor under the EU Emissions Trading Scheme... so that's the EU ETS trading price (around £15 per tonne CO2 at budget time) plus what it takes to get to £16. Ah, it's a £1 floor then: not much income for the Treasury, but in line with the £1 level that had been talked about in the Treasury Carbon Floor Price consultation document. Except it isn't going to be £16, unless the EU ETS crashes to such a low price by 2013 that it allows the actual floor 'tax' under to add up with it to £16. Confused? So was I, because the details in the small print accompanying the budget speech set out that the starting 'floor' is to be £4.94 per tonne in the form of a 'tax' levied by removing the exempt...

Full article: http://www.businessgreen.com/bg/industry-voice-blog/20384...

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