One among the many consequences of Brexit is the departure of the UK from the EU ETS. The UK will leave the EU’s carbon market in January 2021, and the UK government plans to set up an independent UK Emissions Trading Scheme on that date. Sandbag were asked by the...
The EU ETS Phase II (2008-2012) was badly affected by an economic crisis of historical proportions which saw a massive drop in demand for allowances on the carbon market. This put a shock in the ETS system and the carbon price dropped from 30 EUR/t in 2008 to the...
Industry emissions experience biggest annual drop towards end of Phase III Disclaimer: Analysis done on the basis of number available on EUTL on April 1st COB 2020, some verified numbers still due to be coming in by May 2020 Reported 2019 emissions were 1523 MT CO2...
After Brexit, the UK should aim to remain within the EU ETS. If that is not possible, the UK should implement a carbon tax rather than a standalone UK ETS.
Member States have a choice about where to transfer their EU ETS allowances – this briefing shows the Modernisation Fund is best for the climate & Member States
Brexit has frozen UK participation in the ETS – we estimate that the UK government will forgo at least €1.3 billion in auction revenue this year
Hard coal emissions fell by 9% in 2018, down 40% since 2012.
Lignite emissions fell only 3% in 2018, and are now higher than hard coal emissions.
There are many questions to be answered to pass the ‘Bridge of Death’ and avoid the ‘Gorge of Eternal Climate Peril’ in the event of a no-deal Brexit
Yesterday’s deal was unimaginable when the EU Clean Energy Package was proposed in 2016 – but it’s still not keeping pace with the Paris Agreement
In the near term the UK grid will require some additional fossil peaking plant, which will work alongside batteries and DSR to ensure the lights stay on.