Dr. Rhian-Mari Thomas, CEO, Green Finance Institute
Hannah Dillon, Head of the Zero Carbon Campaign
Polly Billington, Director, UK100 and APPG on Sustainable Finance (Chair)
As the Zero Carbon Commission’s recent report highlights , the UK’s current carbon pricing system is not yet consistent with the government’s net zero target. Prices are sporadic, significant exemptions exist, and many sectors are not yet covered. A new approach that prices carbon dioxide – and equivalent greenhouse gases – more consistently across the economy can help deliver the UK’s net zero target. However, care and consideration must be given to the speed at which this reform is introduced, as well as the adverse impacts that such a policy could have.
This panel will discuss the UK’s current carbon pricing landscape and the post-Brexit opportunities for reform. How should the UK extend carbon pricing across the economy, and how can this be done fairly, ensuring a fair deal for consumers and preventing the burden from falling on those least able to pay?
Our speakers will also consider the potential for combining carbon pricing with other forms of financial support in order to crowd in private finance and drive investment for the UK’s Green Industrial Revolution. We also look forward to hearing from Darren Jones MP about the BEIS Select Committee’s inquiry on the future of UK carbon pricing, and from Jerome Mayhew MP and his campaign for the introduction of a UK ‘Border Carbon Adjustment’.
This event will be held just two days ahead of the Chancellor’s Budget announcement. We hope you will be able to join us on this occasion.