Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air & water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in the United Kingdom between 2018-21. It estimates effective carbon prices resulting from carbon taxes, emissions trading systems, and fuel excise taxes net of fossil fuel subsidies for 7 economic sectors.
December 20, 2022January 9, 2023