Featured in A solar lifeline – 07-2021

UK ETS – will it deliver?

U.K. carbon prices have looked relatively strong since the market launched in May. There is now optimism that the U.K. emissions trading system (ETS) will drive investment in renewables and green hydrogen. However, linking with the EU ETS is seen as key for the market to flourish in the longer term.

By

Andreas Walstad

08 Jul 2021

Image: Nigel Tout/Wikimedia

The United Kingdom has historically been a strong supporter of cap-and-trade and has played an instrumental role in setting up the EU’s Emissions Trading System (ETS) from its beginnings in 2005. However, following the Brexit referendum in 2016, it eventually became clear that leaving the EU also meant leaving the single market and the …

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