With company-wide carbon reduction targets of 45 per cent by 2020 and 80 per cent with 2050, National Grid will now start using Defra’s ‘shadow price’ for carbon of £27.60 per tonne to guide future investment decisions.
From April onwards bonuses for senior executives will be awarded at least in part on achieved carbon reductions as well as financial performance.
This article first appeared in the Ecologist April 2009
