Raising our allowance – understanding Britain’s Emissions Trading Scheme

Raising our allowance – understanding Britain’s Emissions Trading Scheme

By Nicholas Leighton-Hall, energy consultant and author of the Marginal Cost of Everything . From the price of a steel girder, to the fertiliser you put on your lawn and all the way down to the electricity you use, if it produces CO2 to make it, you need to pay for the CO2. But how? A complex cap-and trade scheme seeks to both control the and lower the amount of Carbon emissions from British industry, whilst utilising market mechanisms to dist…