Environmentalists' hopes that a new Government-wide higher monetary value for carbon dioxide emissions will undermine the economic case for new road and airport expansions seem set to be dashed by the DfT.
Environmental groups and a number of academics have said the existing shadow price of carbon, based on the estimated global damage of emitting an extra tonne of CO2 into the atmosphere, is too low to have any significant impact on the economic case for projects that generate additional...
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