Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz, __SC_ANALYTICS_GLOBAL_COOKIE, __SC_ANALYTICS_SESSION_COOKIE

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.

Cookies used: ASP.NET_SessionId, ARGUSFORMONLINE, SITELOGIN

UK carbon tax increases

21 Mar 2012, 2.50 pm GMT

UK carbon tax increases

London, 21 March (Argus) — The tax on carbon emissions in the UK for 2014 has been set £2.27/t higher than the indicative level announced in last year's financial statement, or budget.

The announcement came in the treasury's budget released today. The tax on carbon for the financial year 2014-15 has been fixed at £9.55/t, up from the indicative level of £7.28/t set in last year's budget.

The tax is designed to top up the price of carbon emissions incrementally to £30/t by 2020. The average EU emissions trading scheme (ETS) certificate price for 2014-15 has fallen by £7.51/t from last year's budget to £7.97/t.

UK carbon tax

 

UK CO2 Apr 2014-Mar 2015 £/t

Average 1Q 2011

Average 1Q 2012

EU ETS forward average

15.48

7.97

Carbon levy (*indicative)

7.28*

9.55

Total UK CO2 cost

22.76

17.52

Argus, Treasury Department

Send comments to feedback@argusmedia.com
nc/jc 2.4



If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2012 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.

View more news articles