The high price of gas cuts
13 September 2012
The UK government has imposed such stringent targets on reducing carbon dioxide emissions that the whole economy could suffer, warns Veronica Smart
All UK businesses will have to pay considerably more for their electricity to meet the carbon dioxide (CO2) reductions proposed in the European Union's emissions trading scheme. It is not just manufacturing industry that will be hit by the ETS; it will, in some way, affect the bottom line of all commercial energy users in the UK.
The level of CO2 reductions to...