Energy Bill
10:54 am
Philip Pearson: On top of that, the idea of a floor price has some attractions if you look at the history of the price of carbon in phase 1, which soared up to €30 a tonne and then almost disappeared through the floor. The forward price of carbon is becoming interesting, but the Committee might want to ask itself the question we have been asking, “What is the minimum price of carbon likely to drive sufficient technological change to secure climate change objectives?”.