Budget comments from Drax Group CEO Will Gardiner - Drax

Budget comments from Drax Group CEO Will Gardiner

The Chancellor’s decision to strengthen the total carbon price until at least 2021 provides investors with certainty and is a critical factor in ensuring an end to the use of coal in the power system

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Will Gardiner, Drax Group CEO said:

“I strongly support the Chancellor’s decision to strengthen the total carbon price until at least 2021 – it provides investors with certainty and is a critical factor in ensuring an end to the use of coal in the power system, helping us to further decarbonise cost-effectively and cementing the UK’s leading role in tackling climate change. We welcome the Government’s acknowledgment that the carbon price must remain high enough to keep coal off the UK system beyond 2021 the carbon price should be set at the right level to prevent a resurgence in coal generation before 2025.”