Energy companies join call for stronger carbon pricing ahead of Brexit

Companies from business, finance, academic and civil society have called on the UK government to commit to stronger and more consistent carbon pricing.

In a declaration signed by 50 companies earlier this week, the Zero Carbon Campaign called for carbon pricing in the UK's Nationally Determined Contribution (NDC) announcement, encouragement for all jurisdictions to include new or strengthened carbon pricing commitments and work to secure a global agreement on carbon pricing.

The letter was signed by a number of companies from the energy sector, including Drax, The Electricity Storage Network, OVO Energy and Regen.

Hannah Dillon, head of the Zero Carbon Campaign, said that we are all already “paying the price” for not effectively curbing greenhouse gas emissions to date.

“The longer we wait to put a proper price on pollution, the worse the cumulative effects of climate change will become, and the more expensive it will be for us to address them. The UK is uniquely placed to lead an ambitious international agenda on carbon pricing, but our leadership is only as strong as the example we set at home.

“We hope that the range and caliber of signatories to this declaration will encourage our government to take this call for ambition incredibly seriously.”