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

19/05/2017 13:53 CO2

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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.
 

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