The UK Government announces it will scrap carbon tax on electricity generation from April 2028

The UK's decision to scrap the carbon tax on electricity generation starting in April 2028 signals a shift towards less restrictive energy policies, likely aimed at encouraging investment in the energy sector.

Newsquawk StaffPublished 16 Apr 2026, 14:10 UTCOn the live feed at 13:50 UTC — 9 more headlines followed before this page went public

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13:55

Iranian parliament official says Iran's planned Strait of Hormuz toll is to be paid through Iranian banks

13:51

Mexico's Economy Minister says USTR Greer is to visit ahead of USMCA talks

13:50

The UK Government announces it will scrap carbon tax on electricity generation from April 2028

13:41

China is encouraging Spain to sink the EU's plan to boost its companies

13:32

Iran told Pakistan that the US must fulfil commitments and emphasised that the US must drop excessive demands, Tasnim reports; new talks are of no benefit without a framework first

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Context

This move could impact the long-term outlook for energy prices and potentially support fossil fuel generation, which may be viewed favorably by stakeholders in those industries. Watch for potential implications for renewable energy investments and broader regulatory changes in Europe as this could set a precedent.

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