I agree with Matthew Sinclair [The carbon floor price needs to be scrapped]. Introducing a carbon floor price is wrong. With the UK facing the troubling prospect of a decade of stagnant growth, the government must prioritise: rescuing the economy, tackling the chronic level of youth unemployment and putting us firmly back on a growth trajectory. By pursuing a carbon floor price, not only will we fail to reduce net global carbon output, we will also inhibit the UK’s economic recovery.
However, tackling climate change and mitigating the UK’s contribution to global warming should remain a priority. The only way to effectively reduce global carbon emissions is through global initiatives. Instead of conjuring up schemes at the European level, the UK must – in conjunction with other nations – lobby on a global stage for an agreement on how to tackle greenhouse gas emissions. Only then will we begin to win the longer-term war on climate change.