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11 March 2011, NewNet

UK’s proposed carbon price floor needs credibility enhancement

The UK government's proposed carbon price floor is unlikely to inspire investor confidence as it stands in its current form, according to one of the country's leading low carbon investment managers.

Climate Change Capital said the proposals need to gain further credibility if the government wants to successfully attract new low carbon investment.

Rupert Edwards, head of policy and market analysis at Climate Change Capital and one of the report's authors, said, 'The UK government's carbon price floor proposals demonstrate that the UK has the ambition to take a leadership role on climate policy at a time when the EU as a whole seems to be losing its nerve.

To read the NewNet article, please click here.

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