Climate Change Policy:
Keyword(s):
The Uk
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With the UK leaving the EU in 2020, its policies to combat climate change currently remain undecided. One policy discussed in this report is a carbon tax. This report finds that implementation of a carbon tax will require a favourable political climate, public attention and an appropriate cost, with a starting price of £40 per tonne of CO2 emitted, gradually rising to £100-125/tCO2 (1). Also, to be politically acceptable, there must also be ‘revenue recycling’, with some of the proceeds of the carbon tax being redirected to public services (2,3).