U.K. carbon prices have looked relatively strong since the market launched in May. There is now optimism that the U.K. emissions trading system (ETS) will drive investment in renewables and green hydrogen. However, linking with the EU ETS is seen as key for the market to flourish in the longer term.
This coal-fired power plant in Ratcliffe-on-Soar, close to the city of Nottingham, is soon expected to be the last operational coal power plant in the United Kingdom. It is scheduled to be retired in 2024.
Image: Nigel Tout/Wikimedia
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