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Carbon pricing and the drive to net-zero

Jason Collins and Catherine Robins (Pinsent Masons) discuss climate change policy and how the government can take the lead in setting a roadmap to help companies to make the long-term decisions that are required. 

The UK legislated in 2019 to reduce net emission of greenhouse gases in the UK by 100% back to 1990 levels by 2050. In December 2020 the prime minister announced an intention to have achieved a 68% reduction by 2030.

The UK is this year hosting the G7 in June in Cornwall and the United Nations Climate Change Conference of the Parties (COP 26) in November in Glasgow. COP 26 is predicted to be the most important climate summit since the landmark Paris agreement was agreed at COP 21 in 2015. The government has the perfect platform to take a leading position on climate change overall. Will tax policy feature in its plans?

Carbon...

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