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UK leaves power generators in dark over post-2020 carbon taxes

With Anu Ramanathan, UK power editor

November 29, 2016 09:58:19 EST (3:23)

Anu Ramanathan, UK power editor, reports on the UK's decision to hold the Carbon Price Support rate at £18/mt until 2020 in a bid to provide certainty to businesses.

This carbon tax, which has shrunk coal-fired power generators’ profit margins over the recent years, has also helped UK’s transition to a low carbon economy. But the UK government failed to lay out plans beyond 2020s in its latest budget statement, stirring up questions over the future strategy for carbon pricing in a post-Brexit era.

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