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UK carbon trading goes solo for now
Apr 15, 2021 11:40:am
Summary The UK and the EU emissions trading schemes split at the start of the year. But there is some pressure to reunite them.
by: William Powell
The ending of the 11-month transition period following the UK’s formal withdrawal from the European Union early last year means it now must decide how to manage its emissions trading. A high price is necessary to pay for carbon mitigation schemes such as carbon capture and storage but the market itself needs to be orderly to ensure trade.
Since January 1 there have been an EU ETS and a UK ETS but while notionally separated, including the currency the certificates trade in, the two for now have the same terms and conditions.
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