Government seeks views on compensation price support for energy intensive industries

It is consulting on the risk of carbon leakage due to the indirect emission costs from the UK Emissions Trading System and carbon price support and the sectors most at risk

World Bank: Carbon pricing covers more than a fifth of global greenhouse gases

Carbon pricing instruments generate around $5bn in revenue, representing a 17% increase from last year, however, the full potential of carbon pricing ‘remains largely untapped’

Britain’s Emissions Trading System starts with a boom

The launch of the scheme saw the price per tonne of carbon exceeding the EU levels

MEPs call for carbon price on certain EU imports from less climate-ambitious nations

They believe this would create a global level playing field as well as an incentive for both EU and non-EU industries to decarbonise in line with the Paris climate agreement

EU emissions fall to lowest level in three decades as countries ditch coal

The drop was mainly driven by the power sector, where emissions fell by almost 15%, primarily due to coal-fired power production being replaced by electricity from renewables and gas

UK Government proposes new Emissions Trading System to replace EU system

Policymakers say the plan will be even more ambitious than previous versions and will ensure the UK is aligned with its commitment to reach net zero by 2050

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