Higher value of CO2 for appraisal

Appraisal

Transport project promoters seeking DfT funding  must assess their schemes using a higher monetised value of carbon dioxide emissions. 

The Department for Business, Energy & Industrial Strategy (BEIS) is currently leading a cross-departmental review of carbon valuation, which will reflect the Government’s adoption last summer of the stricter target of net zero greenhouse gas emissions for 2050. 

As an interim measure, the DfT has issued new advice recommending that...

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