MPs warn carbon pricing compensation for industry needs strong safeguards

James S Murray
clock

Environmental Audit Committee urges government to ensure £250m support package is not handed to firms already enjoying windfall profits from carbon trading

The Environmental Audit Committee of MPs will today call on the government to revisit its plans to hand £250m of compensation to energy intensive companies to help them cope with the introduction of the...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Carbon Trading

COP29: UK unveils new carbon market principles, as climate finance negotiations rumble on

COP29: UK unveils new carbon market principles, as climate finance negotiations rumble on

Frustrations grow at Baku Summit, as leading former diplomats declare COP process is 'no longer fit for purpose'

Michael Holder in Baku and James Murray in London
clock 15 November 2024 • 8 min read
COP29: Baku Summit delivers early breakthrough on carbon market standards

COP29: Baku Summit delivers early breakthrough on carbon market standards

Proponents insist Article 6.4 carbon market standards contain robust environmental and human rights safeguards, but campaigners want 'back door deal' risks opening door to widespread greenwashing

Michael Holder in Baku
clock 12 November 2024 • 7 min read
UN adopts sustainable development standards for regulated carbon markets

UN adopts sustainable development standards for regulated carbon markets

Adoption of standards hailed by chair of expert group as 'major step forward in enabling a robust, agile carbon market'

Cecilia Keating
clock 11 October 2024 • 3 min read