An expedient phase-out of carbon emissions in the electricity sector could be facilitated by imposing carbon fees and applying the revenue exclusively to subsidize new, low-carbon generation sources. Since there would initially be no "new sources," fees would be substantially zero at the outset...

"Opening remarks This book aims to shed light on the future demand for electricity in the light of the challenges posed by climate change. In the UK we have a formal target for the reduction of carbon dioxide equivalent emissions of 80 per cent by 2050 (on 1990 levels). Official publications...