c/Collapse

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Dedicated to topics discussing scenarios, possibilities, and circumstances that lead towards the collapse of civilization at any scale.

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Here’s the truth about Sunak’s plans for the North Sea: he will sell out the planet to the dirtiest bidders | George Monbiot (www.theguardian.com)

submitted 2 years ago by [email protected] to c/[email protected]

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The promise of successive governments, in and out of the EU, was that, by putting a price on carbon pollution, they would ensure that industries had no option but to switch to greener technologies.

Sunak’s government has quietly been flooding the UK market with pollution permits, triggering a collapse in the price of carbon. While the carbon price in the EU emissions trading scheme stands at €88 (£75) a tonne, in the UK it has fallen to £47.

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