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.
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
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.
On the 14th March Sandbag gave evidence at the House of Lords EU Energy and Environment Sub-Committee
On Wednesday, the European Parliament should vote for a 2050 net-zero target in line with the Paris Agreement