By Robert McIlveen, Dieter Helm.
Edited by Simon Less.

Taking carbon out of the economy will be difficult and expensive. Public support and economic viability are going to be crucial for decades if long-term success in the battle against climate change is to be achieved – and cost-effectiveness is critical to both.

The report suggests that a carbon tax would be a more cost-effective way of ensuring that Britain goes greener more quickly and more efficiently with a simpler, better targeted policy which is credible over the long term.