Explained in plain English
Does the UK have an ETS?
Yes, the UK launched its own Emissions Trading Scheme (UK ETS) in 2021, replacing its participation in the EU ETS after Brexit. It operates similarly, setting a cap on total emissions and allowing businesses to buy and sell allowances. The UK ETS aims to drive down emissions in energy-intensive industries and aviation.
Stories that explain this
EU proposes to slow carbon emission cuts for businesses until 2038This explainer came from a news story
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