U.K. Redraws Thatcher’s Energy Market to Cut Carbon
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The U.K. will propose the biggest changes to energy policy in two decades tomorrow when the coalition government lays out plans to ensure aging power plants are replaced and climate targets met.
David Cameron’s government is likely to reassert state control over the market-based system introduced by his predecessor Margaret Thatcher when proposals are made to parliament. The regulator has suggested a “carbon floor” price to force up the cost of emitting greenhouse gases, encouraging investment in nuclear reactors and offshore wind farms.