Saturday, July 2, 2022
SCIENMAG: Latest Science and Health News
No Result
View All Result
  • Login
  • HOME PAGE
  • BIOLOGY
  • CHEMISTRY AND PHYSICS
  • MEDICINE
    • Cancer
    • Infectious Emerging Diseases
  • SPACE
  • TECHNOLOGY
  • CONTACT US
  • HOME PAGE
  • BIOLOGY
  • CHEMISTRY AND PHYSICS
  • MEDICINE
    • Cancer
    • Infectious Emerging Diseases
  • SPACE
  • TECHNOLOGY
  • CONTACT US
No Result
View All Result
Scienmag - Latest science news from science magazine
No Result
View All Result
Home SCIENCE NEWS Chemistry AND Physics

British carbon tax leads to 93% drop in coal-fired electricity

January 27, 2020
in Chemistry AND Physics
0
Share on FacebookShare on Twitter

A tax on carbon dioxide emissions in Great Britain, introduced in 2013, has led to the proportion of electricity generated from coal falling from 40% to 3% over six years, according to research led by UCL

A tax on carbon dioxide emissions in Great Britain, introduced in 2013, has led to the proportion of electricity generated from coal falling from 40% to 3% over six years, according to research led by UCL.

British electricity generated from coal fell from 13.1 TWh (terawatt hours) in 2013 to 0.97 TWh in September 2019, and was replaced by other less emission-heavy forms of generation such as gas. The decline in coal generation accelerated substantially after the tax was increased in 2015.

In the report, ‘The Value of International Electricity Trading’, researchers from UCL and the University of Cambridge also showed that the tax – called Carbon Price Support – added on average £39 to British household electricity bills, collecting around £740m for the Treasury, in 2018.

Academics researched how the tax affected electricity flows to connected countries and interconnector (the large cables connecting the countries) revenue between 2015 – when the tax was increased to £18 per tonne of carbon dioxide – and 2018. Following this increase, the share of coal-fired electricity generation fell from 28% in 2015 to 5% in 2018, reaching 3% by September 2019. Increased electricity imports from the continent reduced the price impact in the UK, and meant that some of the cost was paid through a slight increase in continental electricity prices (mainly in France and the Netherlands).

Project lead Dr Giorgio Castagneto Gissey (Bartlett Institute for Sustainable Resources, UCL) said: “Should EU countries also adopt a high carbon tax we would likely see huge carbon emission reductions throughout the Continent, as we’ve seen in Great Britain over the last few years.”

Lead author, Professor David Newbery (University of Cambridge), said: “The Carbon Price Support provides a clear signal to our neighbours of its efficacy at reducing CO2 emissions.”

The Carbon Price Support was introduced in England, Scotland and Wales at a rate of £4.94 per tonne of carbon dioxide-equivalent and is now capped at £18 until 2021.The tax is one part of the Total Carbon Price, which also includes the price of EU Emissions Trading System permits.

Report co-author Bowei Guo (University of Cambridge) said: “The Carbon Price Support has been instrumental in driving coal off the grid, but we show how it also creates distortions to cross-border trade, making a case for EU-wide adoption.”

Professor Michael Grubb (Bartlett Institute for Sustainable Resources, UCL) said: “Great Britain’s electricity transition is a monumental achievement of global interest, and has also demonstrated the power of an effective carbon price in lowering dependence on electricity generated from coal.”

The overall report on electricity trading also covers the value of EU interconnectors to Great Britain, measures the efficiency of cross-border electricity trading and considers the value of post-Brexit decoupling from EU electricity markets.

Published today, the report annex focusing on the Carbon Price Support was produced by UCL to focus on the impact of the tax on British energy bills.

###

The findings from UCL and the University of Cambridge were part of wider research to examine cross-border electricity trading between Great Britain and connected EU markets, commissioned by energy regulator Ofgem to inform its annual State of the Energy Market report.

Media Contact
[email protected]
[email protected]
https://www.ucl.ac.uk/news/2020/jan/british-carbon-tax-leads-93-drop-coal-fired-electricity

Tags: Business/EconomicsClimate ChangeEnergy SourcesEnergy/Fuel (non-petroleum)Taxation
Share25Tweet16Share4ShareSendShare
  • Lead author Alison Towner with the carcass of a Great White Shark, washed up on shore following an Orca attack. ©Marine Dynamics/ Dyer Island Conservation Trust. Image by Hennie Otto

    The pair of Orcas deterring Great White Sharks – by ripping open their torsos for livers

    73 shares
    Share 29 Tweet 18
  • COVID-19 fattens up our body’s cells to fuel its viral takeover

    87 shares
    Share 35 Tweet 22
  • nTIDE May 2022 COVID Update: Uncertainty about inflation tempers good news for people with disabilities

    91 shares
    Share 36 Tweet 23
  • Wayne State and Great Lakes Water Authority to create workforce and laboratory center of the future

    66 shares
    Share 26 Tweet 17
  • Ovarian cancer in the fatty omentum: Metabolic enzyme’s key role in tumor metastasis

    65 shares
    Share 26 Tweet 16
  • A closer look into the emergence of antibiotic resistance in bioaerosols and its monitoring

    69 shares
    Share 28 Tweet 17
ADVERTISEMENT

About us

We bring you the latest science news from best research centers and universities around the world. Check our website.

Latest NEWS

nTIDE May 2022 COVID Update: Uncertainty about inflation tempers good news for people with disabilities

COVID-19 fattens up our body’s cells to fuel its viral takeover

Famous Sterkfontein Caves deposit 1 million years older than previously thought

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 190 other subscribers

© 2022 Scienmag- Science Magazine: Latest Science News.

No Result
View All Result
  • HOME PAGE
  • BIOLOGY
  • CHEMISTRY AND PHYSICS
  • MEDICINE
    • Cancer
    • Infectious Emerging Diseases
  • SPACE
  • TECHNOLOGY
  • CONTACT US

© 2022 Scienmag- Science Magazine: Latest Science News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....