Today, the European carbon price hit 20 Euros. Our analysis shows rising carbon, coal and gas prices mean that for the first time new onshore wind and solar can compete with the short-term costs of generating electricity from existing coal and gas plants.
The UK is already leading the world in phasing out coal, but National Grid’s Future Energy Scenarios show we can phase-out coal even earlier, by 2022
Yesterday’s deal was unimaginable when the EU Clean Energy Package was proposed in 2016 – but it’s still not keeping pace with the Paris Agreement
Sandbag recently contributed to a #FutureOfEurope debate as part of the 6th annual Eurosfat conference in Bucharest
In the near term the UK grid will require some additional fossil peaking plant, which will work alongside batteries and DSR to ensure the lights stay on.
Businesses are clear that changes to the ETS benchmarks are needed – to facilitate low-carbon production methods, and eliminate perverse incentives to pollute.