Carbon traders reject EDF Energy’s price floor calls

Carbon market participants have criticised calls by EDF Energy chief executive Vincent de Rivaz for a carbon price floor.

In a speech last week at the EDF Energy nuclear supply chain forum, de Rivaz identified the need to address carbon price volatility before the company can move forward with its plans to build four new EPR nuclear plants in the UK by 2025. He called for "mechanisms that provide a robust carbon price with a realistic floor, which would be paid for by fossil fuel generators who continue to emit carbon dioxide".

De Rivaz said the price cap would not be a subsidy for nuclear or any other technology