Climate warning
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United Kingdom 🇬🇧

Climate warning

UK's carbon price hits an all-time low, raising worries about investment in clean energy.

The price of a ton of CO2 in the UK hit a record low this week, sparking concerns about investments in green energy. Falling to $40, the price drop is linked to reduced industrial energy use and milder weather. This decrease challenges the country's net-zero goals, as high carbon prices are needed to drive decarbonization efforts and maintain competitiveness. Low prices risk sending the wrong signal and hindering progress towards a sustainable future.
The fluctuation in carbon prices in the UK highlights the delicate balance between economic incentives and environmental goals. While low prices may seem beneficial in the short term, they can pose challenges for long-term sustainability efforts. Maintaining a stable and sufficiently high carbon price is crucial to drive investments in green technologies and steer businesses towards cleaner practices in alignment with net-zero targets.
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https://oilprice.com/Latest-Energy-News/World-News/UK-Carbon-Permit-Price-Drops-to-Record-Low.html



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  • Grace Njeri

    2 w

    Increasing the supply of renewable energy would allow us to replace carbon-intensive energy sources and significantly reduce global warming.

    2
    • Chris Ndungu

      10 w

      The use of carbon should be dealt with; and encourage the use of green energy.

      4
      • We Don't Have Time

        10 w

        Dear walter lungayi Your climate warning has received over 50 agrees! We have reached out to UK GOVERNMENT by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        1
        • Boniface Kuria

          10 w

          Raising prices of CO2 would discourage its use and investment in it. CO2 going for low prices will work against this analogy and could even encourage people. CO2 should be as expensive as gold.

          9
          • George Kariuki

            10 w

            This contradicts the UK's net-zero goals and slows down progress towards a sustainable future.

            6
            • Jane Wangui

              10 w

              @george_kariuki Is UK not tired of receiving loads and loads of warnings?? They should rethink their deeds ASAP.

              2
            • Rotich Kim

              10 w

              we need to reduce carbon with all means and encourage the use of green energy

              8
              • Princess

                10 w

                It's imperative that policymakers address this issue swiftly to ensure a reliable and thriving clean energy sector.

                12
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