Due to Brexit, the UK government said on December 14 it will launch an emissions trading system (ETS) for domestic industry and power generation from January 1 next year. The International Emissions Trading Association (IETA) welcomed the announcement of a new UK ETS as a bold step in the right direction toward climate neutrality.

“Choosing a carbon pricing system that can be truly aligned with net-zero sends a strong message that the UK is serious about action on climate change,” IETA EU Policy Director Adam Berman said in a statement posted on the IETA website. “Emissions trading provides multiple options for strengthening and enhancing price signal. The UK ETS will ensure both flexibility for industry and environmental certainty for policymakers,” he added.

 

https://www.neweurope.eu/article/brexit-pushes-uk-to-begin-own-emissions-trading-system-in-2021/

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