UK Government Announces New Import Carbon Pricing Mechanism
Clean Energy Law
DECEMBER 19, 2023
UK ETS Currently the UK’s main measure to mitigate carbon leakage risk is the system of free allocation under the UK Emissions Trading Scheme (UK ETS). The UK ETS puts a price on greenhouse gases emitted by domestic producers, through a “cap-and-trade” system, in which total carbon emissions and allowances under the scheme are capped.
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