....And it gets worse! All government
projections assume that the carbon price will have to carry on rising
sharply after 2030. The BEIS study, for instance, assumes it will rise
to £200/tonne by 2050 (all at 2014 prices).
Even if a new build CCGT can manage to
turn a profit in the early years, it would quickly become totally
unviable once carbon pricing starts mounting up.
Given all of these obstacles, it is little wonder that investors are not prepared to finance new projects."
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