Explained in plain English
How does this affect UK trade?
Even though the UK has its own emissions trading system, changes to the EU's system can impact British businesses that trade with Europe. If EU companies face less stringent carbon costs, it could alter the competitive landscape, potentially making some UK exports more expensive or some EU imports cheaper, affecting trade balances.
Stories that explain this
EU proposes to slow carbon emission cuts for businesses until 2038 Pound gives up ground as oil climbsThis explainer came from a news story
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