UK to stay in EU ETS after Brexit, as predict carbon market industry figures

19/05/2017 13:53 CO2


According to a Thomson Reuters survey, organized among over 700 carbon market participants, such as traders, company representatives and government officials, almost 50% of respondents believe that the UK will remain in the EU Emissions Trading System (ETS) after Brexit.

Other respondents declared that the UK would establish its own ETS, with 21% estimating it would be connected to the EU ETS and 19% stating it would be totally independent.


And 11% respondents considered that the UK will suspend emission trading altogether after Brexit.


The ETS is the world’s biggest scheme for trading greenhouse gasses, requiring countries across Europe to measure and report their carbon emissions, using one allowance for each ton emitted. Firms can trade their allowances, offering an incentive for them to cut emissions.

Switzerland votes to phase out nuclear in favour of renewables

24/05/2017 10:51:00

Switzerland has voted to abandon nuclear power in favour of renewable energy. A decision was taken after a public referendum to adopt an energy plan that will eventually replace all nuclear energy with solar, wind and hydropower generation.


EU consents lower co-generation surcharges for several German, Italian companies

24/05/2017 08:45:00

EU state aid regulators consented on Tuesday lower surcharges to back co-generation for energy-intensive firms in Germany and Italy.


Daily (23.05.2017): European spot electricity prices fell by 6-7% on Monday

23/05/2017 13:02:00

Oil futures rose on Monday to the highest level in more than a month, as speculation that the cuts could be further extended, pushed prices up.