United Kingdom in the European emissions trading scheme

United Kingdom in the European emissions trading scheme

United Kingdom in the European emissions trading scheme

The United Kingdom intends to remain in Europe's emissions trading system (ETS) at least until the end of the third trading phase from 2013-2020. This was stated by the British Energy Minister on Wednesday. The state of Britain's membership of the regime after the country's exit from the European Union in March 2019 was hitherto unclear.

Clean Energy and Clean Development Minister Claire Perry said it has not yet formally agreed, but the government wanted to secure the companies covered by the plan, at least until the end of the third phase.

It is noted that Britain is the second largest country in greenhouse gas emissions in Europe. As a result, utilities and industry are among the largest ETS buyers in the ETS. Under the greenhouse gas emissions trading scheme, these companies are charged for every tonne of carbon dioxide (CO2) they emit in the electricity production.

These companies have asked the British Government to keep the country in the system until the end of the current negotiating phase to avoid disturbances. However, the position of the companies is unanimous as to whether Britain should remain in the system after the end of this period.

United Kingdom in the European emissions trading scheme – UK Commitments

Perry said that Britain is committed to using a price for coal as a means to reduce emissions. However, it will use the country's exit from the European Union as a means of “taking advantage of the opportunity to explore if there are other opportunities” to achieve this.

The rules of the ETS ETS are set by the European Parliament. They are then imposed by the European Court of Justice. Industry experts have said that it could be politically difficult for the UK to justify the country's stay in the system.

Britain has a legally binding target to reduce greenhouse gas emissions by 80% from 1990 levels by 2050. This includes fossil-based power plants,

Source: World Energy News magazine, by Susanna Twidale

Submit your comment or notes

Enter your email so we can communicate with you.