UK’s Emissions Trading System sees carbon trade at £50 per tonne

But what does the industry think?

EU Parliament votes in favour of 40% emissions reduction from shipping industry

Members of the European Parliament want the sector to contribute to climate neutrality

EU Emissions Trading System ‘more important in cutting emissions than national climate policies’

A newly-published survey reveals this is a reversal of opinion from the EU carbon market in 2019

Views sought on tightening EU state aid rules for carbon market

The Commission has launched a consultation on the revised guidelines for emissions allowance trading post-2021, which includes reducing the number of sectors eligible for compensation

Carbon pricing
UK extends 2018 EU Emissions Trading System compliance deadline

The deadline extension from the 15th of March to the 26th of March will give emitters more time to buy and surrender required carbon units

Brexit
UK working to establish post-Brexit emissions trading system

Claire Perry said this would come into effect after the end of the EU’s current ETS trading phase at the end of 2020, assuming a deal was reached

UK Government urged to retain carbon pricing post-Brexit

Lawrnce Slade said the carbon price support and the EU Emissions Trading System have ‘really helped’ drive investment in low carbon technologies

Picture of a power station with emissions at dusk.
Scotland and Wales concerned carbon tax could replace ETS

Both nations are worried a ‘no deal’ Brexit could devolve powers to England

EU greenlights support scheme for energy intensive users in Luxembourg

The government will compensate large energy users for higher electricity prices resulting from indirect emissions costs

UK intends to stay in EU’s carbon market until 2020

The government is still working through the details of how this would work during the transition period