UK sets out plans to go ‘further, faster’ under standalone ETS

The government has unveiled its proposals for a UK standalone emissions trading system. The plans outline a reduction in the cap compared to the EU scheme and indicates and a floor price of £15 for allowances when they are auctioned. The government says that once a new ETS is up and running, it intends to go “even further” by amending the cap again in line with its net-zero target.

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