You make a compelling argument but Isn't the market based approach here to better price in all the externalities rather than remove those on gas? Politically difficult for sure but the most efficient way to deal with this problem is to tax the carbon in all gas, not just the gas used for electricity.
How do we motivate rather than punish as an alternative? For example, my company helps oil and gas companies keep methane in pipe. Methane is 86x more potent than CO2. Important to not have it emit into the atmosphere unecessarily. But this is a carrot for O&G. More product to market. Where else could we motivate over penalize?
Isn't the other implication here that coal was an important part of our cheap energy mix + important for hedging the marginal cost from global gas prices
Is this really going to have this effect? Price of UKAs went up immediately (meaning given it won't be scrapped until 2028 that the immediate impact is to increase prices!) and part of the justification for scrapping the CPS is to balance the increased cost of BICS on bills?
You make a compelling argument but Isn't the market based approach here to better price in all the externalities rather than remove those on gas? Politically difficult for sure but the most efficient way to deal with this problem is to tax the carbon in all gas, not just the gas used for electricity.
How do we motivate rather than punish as an alternative? For example, my company helps oil and gas companies keep methane in pipe. Methane is 86x more potent than CO2. Important to not have it emit into the atmosphere unecessarily. But this is a carrot for O&G. More product to market. Where else could we motivate over penalize?
Isn't the other implication here that coal was an important part of our cheap energy mix + important for hedging the marginal cost from global gas prices
Is this really going to have this effect? Price of UKAs went up immediately (meaning given it won't be scrapped until 2028 that the immediate impact is to increase prices!) and part of the justification for scrapping the CPS is to balance the increased cost of BICS on bills?