Experts see carbon price ‘tipping point’ at £149 to incentivise electrification of oil and gas production

Published 17:16 on September 1, 2022  /  Last updated at 17:16 on September 1, 2022  /  EU ETS, UK ETS  /  No Comments

A carbon price of £149 ($171.85, €172.90) or greater would likely mean wind-powered processing of oil and gas production in the UK becomes more economical than the current gas-burning approach, researchers calculated in a paper released Thursday as the country's incoming leadership eyes more drilling.

A carbon price of £149 ($171.85, €172.90) or greater would likely mean wind-powered processing of oil and gas production in the UK becomes more economical than the current gas-burning approach, researchers calculated in a paper released Thursday as the country’s incoming leadership eyes more drilling.

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