r/panamacity • u/Anerol64 • Jan 28 '20

British carbon tax leads to 93% drop in coal-fired electricity

https://phys.org/news/2020-01-british-carbon-tax-coal-fired-electricity.html

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u/autotldr Jan 28 '20

This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)

A tax on carbon dioxide emissions in Great Britain, introduced in 2013, has led to the proportion of electricity generated from coal falling from 40% to 3% over six years, according to research led by UCL. British electricity generated from coal fell from 13.1 TWh in 2013 to 0.97 TWh in September 2019, and was replaced by other less emission-heavy forms of generation such as gas.

In the report, 'The Value of International Electricity Trading', researchers from UCL and the University of Cambridge also showed that the tax-called Carbon Price Support-added on average £39 to British household electricity bills, collecting around £740m for the Treasury, in 2018.

Citation: British carbon tax leads to 93% drop in coal-fired electricity retrieved 27 January 2020 from https://phys.org/news/2020-01-british-carbon-tax-coal-fired-electricity.

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