U.K. Sees Pressure for Carbon Target in Electricity Bill
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U.K. Prime Minister David Cameron and Chancellor of the Exchequer George Osborne face a rebellion within their own party after rejecting proposals to include a target for cutting carbon in new energy-market legislation.
Tim Yeo, a lawmaker in Cameron’s ruling Conservative Party and chairman of the Energy and Climate Change Committee, seeks to amend the electricity market bill to impose a target for so-called decarbonization on power generation. The goal is needed to give investors security to fund low-carbon energy, he said.