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Manufacturers repeat call for CPF to be scrapped

Manufacturers repeat call for CPF to be scrapped


Chancellor Phillip Hammond should use the Autumn Statement to outline a clear timetable for removing the Carbon Price Floor (CPF), EEF has said. In its submission ahead of the statement, issued on Friday 11 November, the organisation said that the CPF provided little incentive for investment in low-carbon generation, and that removing it could have a net positive impact on emissions across the EU. EEF added that, without intervention, the disparity between the UK and EU carbon price was likely to continue throughout the 2020s.