A cut in the UK’s Carbon Price Support tax risks a resurgence in coal-fired generation and higher CO2 emissions into the 2020s, Aurora Energy Research said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ahead of the UK Autumn Budget October 29 there is speculation within the energy industry that the government might respond to rising CO2 prices in the EU Emissions Trading System by reducing the UK’s top-up tax paid by domestic generators. “Maintaining a higher carbon price is key to decarbonizing the UK electricity sector in a timely and cost-effective manner, and achieving the government’s stated intent of phasing out coal power generation,” the Oxford-based research group said. The difference between maintaining and cutting the tax could equate […]