The UK government has announced plans to introduce a new import carbon pricing mechanism on imports of iron, steel, aluminium, ceramics and cement from overseas.
Energy majors have called on the UK government to target a net zero power system as part of the 'Sprint to Glasgow' lead-up to the COP26 climate conference.
Companies from business, finance, academic and civil society have called on the UK government to commit to stronger and more consistent carbon pricing.
Trading through interconnectors is set to be included in the upcoming Brexit negotiations between the UK and the European Union, after an energy agreement was included in government plans.
Britain’s high carbon prices look set to drive more prolonged periods without coal generation, but the country is still reliant on coal power from overseas, energy analyst firm EnAppSys has claimed.