Single carbon price 'should replace green policies'

The Government should impose a single carbon price to reduce both carbon emissions and "fuel poverty", according to a new report by the Institute of Fiscal Studies.

The Government should switch to a uniform carbon price to reduce emissions says the Institute of Fiscal Studies. Credit: PA

The IFS said that a multitude of policies aimed at reducing emissions have actually increased energy prices, and a uniform cost would help the Government to meet emission reduction targets at no additional cost, and without lower income households being made worse off.