Filed under emissions trading

Understanding the EU Emissions Trading System (ETS)

Understanding the EU Emissions Trading System (ETS)

We must reduce GHG emissions to net zero by 2050 to have a reasonable chance of limiting global warming to 1.5C. Human activities – mainly the burning of fossil fuels – are currently emitting far too much CO2 every year. One approach to reducing CO2 emissions is emissions trading – it is carrot-and-stick: emitters of … Continue reading

Brexit fallout: When Britain leaves the European emissions trading scheme, the proposed new tax could make a mockery to the country’s claim to be a world leader against climate change

Brexit fallout: When Britain leaves the European emissions trading scheme, the proposed new tax could make a mockery to the country’s claim to be a world leader against climate change

Andrew Warren, in his September column to Energy in Buildings & Industry, discusses the planned new tax to replace Britain being in the European emissions trading scheme.   Why this new tax could increase emissions All UK companies are almost certain shortly to cease participating in the European emissions trading scheme (EU:ETS). Should no formal … Continue reading