EU carbon vote hurts UK companies: UK carbon tax to hit £30 by 2020 as competitors pay only £3

“Tuesday’s vote means prices in the EU emissions trading system, the world’s largest carbon market, are likely to stay at about €3 a tonne for at least the next seven years, analysts say.”

Read more at the Financial Times.

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2 responses to “EU carbon vote hurts UK companies: UK carbon tax to hit £30 by 2020 as competitors pay only £3

  1. The UK has yet another reason to withdraw from the European Union. Thank goodness they kept their own currency.

  2. Carbon taxes and carbon trading are terrible drags on economies and so they are drags on standards of living. The rich may pay more in carbon taxes but the middle-class and the poor are the ones who suffer from them. UK has pushed a lot of their subjects into fuel poverty with these schemes and I’m sure it’s worse on the Continent itself.

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