But the European Investment Bank raised about €8 per allowance – about £6.50 – when it sold allowances in the Emissions Trading Scheme to fund carbon capture and storage projects. It was thought lucky to get it. Meanwhile, the government’s nominal carbon price in the CRC Energy Efficiency Scheme stands at £12. At what point does the current, real, carbon price begin to affect our long-term assumptions?
Janet Wood
This article first appeared in Utility Week’s print edition of 20 January 2012.
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