Carbon prices30 Mar 2009

The price is NOT right

Inconsistent and unfair.

That is the message from a joint RAC Foundation/SMMT report on the price of carbon.

The Government has already set a Shadow Price of Carbon that defines the environmental cost to the planet of CO2 emissions.

Yet drivers are paying many times that through fuel duty and vehicle excise duty (road tax). At the same time the cost of CO2 emissions for big business on the open market through the European Trading Scheme (ETS) is just £9 per tonne.