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UK bets on cap-and-trade [NGW Magazine] Jan 6, 2021 7:15:am Summary The UK has set steeper near-term targets for CO2 emissions than the EU, but its national cap-and-trade scheme has to deliver cuts in line with its ambition. [NGW Magazine Volume 6, Issue 1] by: Andreas Walstad The UK in late 2020 set a CO2 emissions reduction target of 68% by 2030 compared with 1990 levels, which overshoots the recently agreed EU target of 55% CO2 reductions. A well-functioning carbon market will be key to achieving emissions reductions, not at least in the power sector, to suppor...

'Flexible and renewable focus': Drax to sell four gas power stations in £193m deal Cooling domes at Drax's inconic North Yorkshire power station | Drax Sale of four combined cycle gas turbine sites acquired just two years ago will allow Drax to slash emissions and enhance its focus on flexible and renewable power generation, company says Drax has agreed to sell four UK combined cycle gas turbine (CCGT) power stations in a deal worth £193.3m with a holding company owned by Dutch energy trader Vitol, as the UK energy giant looks to double... To continue reading... The latest news