Britain will start its own market for trading fossil fuel emission permits this week, but with no sign of a link to the European Union’s market, prices could end up being more volatile than the EU’s.
The UK emissions trading system (ETS), which charges power plants and other industrial entities for each tonne of carbon dioxide they emit, is part of Britain’s plan to reach net zero greenhouse gas emissions by 2050.
When Britain left Europe at the end of 2020, it also quit the EU’s carbon market. The two sides agreed in a post-Brexit trade deal to give “serious consideration” to linking their carbon markets, allowing permits to be traded between them to create one shared carbon price.
Majestic Steel Announces New Website Launch
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CLEVELAND, Feb. 12, 2021 /PRNewswire/ Majestic Steel USA, Inc. ( Majestic ), a leading steel service center, announced today the launch of its new website.
The reimagined majesticsteel.com showcases the breadth and depth of Majestic s resources. With a shift to digital becoming more of a reality for the steel industry, redefining the site as a dynamic business tool was necessary for growth and innovation. Our goal for the project was to create a hub for our company. Whether it s someone who wants to see real-time market data, read fact-based research, make steel product inquiries, or join one of our teams, we re proud to call this site the new face of Majestic, says Kate Mitchell, Majestic s Chief Marketing Officer.
Majestic Steel USA Acquires P&S Metals And Supply Assets
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CLEVELAND, Dec. 14, 2020 /PRNewswire/ Majestic Steel USA, Inc. ( Majestic ), a leading steel service center, announced today it has completed the acquisition of the business assets of P&S Metals and Supply ( P&S ), a Las Vegas, Nevada based steel service center and processor.
The addition of P&S enables Majestic to increase its presence and reach in the Western United States, particularly the growing Nevada market. It also extends our downstream capabilities and product lines with the benefits of volume growth and operational efficiencies.