Future of free allocations under the UK ETS

The UK Emissions Trading Scheme (UK ETS) was launched on 1 January 2021 to replace the UK’s participation in the EU Emissions Trading Scheme (EU ETS). As explained in our previous blog post (here), both schemes work on the basis of a reducing cap with freely tradable allowances, and they currently cover the same industries. … Read more

The UK ETS after Brexit

The end of the Brexit transition period on 31 December 2020 brought an end to the UK’s participation in the EU Emissions Trading System (the EU ETS), the bloc’s flagship ‘cap and trade’ scheme for reducing greenhouse gas (GHG) emissions. Having substituted this scheme for a near-identical UK alternative, there is now the possibility of … Read more