The “Powering up Britain” plan presented by the UK government this week highlights the benefits and limitations of official involvement in reducing emissions. On the one hand, the plans to reduce the price of electricity relative to gas will help to sharpen incentives for households, and the case for taxing imported emissions is stronger in the UK than in most countries. But the flip-flopping over the relaxing of a de facto ban on onshore wind power shows how governments can be a blocker as well as an enabler.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services