A UK Emissions Trading Scheme (UK ETS) replaced the UK’s participation in the EU ETS on 1 January 2021. The 4 governments of the UK have established the scheme to increase the climate ambition of the UK’s carbon pricing policy, whilst also protecting the competitiveness of UK businesses.
This guidance explains who the UK ETS applies to and what is required of businesses that are covered.
It has recently been updated to include:
– information on the Auction Reserve Price, the Cost Containment Mechanism and the Auctioning Regulations.
– a link to the calendar for UK ETS auctions in 2021 (published by auction platform provider ICE) We have included a link to the calendar from this guidance.
– the timetable for onboarding UK Emissions Trading Registry accounts.
Source: BEIS.