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So many uninformed people in the comments here. "The Carbon Price Support (CPS), introduced by the UK Government in April 2013, has led to a substantial reduct
by FL33TW00D 2y ago
So many uninformed people in the comments here.
"The Carbon Price Support (CPS), introduced by the UK Government in April 2013, has led to a substantial reduction in electricity generated from coal, which fell by 93% from a monthly average of 13.1 TWh in 2013 to only 0.97 TWh in 2019 (Ofgem, 2019a)."
They actually correctly priced the externalities and managed to decimate coal usage in the UK in a single decade. This increased prices accordingly.
This should be applauded, they correctly designed a scheme so that the economics aligned and coal was quickly removed. We can now focus on increasing energy production from other means and decreasing prices.
https://www.ucl.ac.uk/bartlett/sustainable/sites/bartlett/files/annex_-_cps_-_final_-_20102019.pdf https://www.ucl.ac.uk/bartlett/sustainable/sites/bartlett/fi...