Global | Publication | March 2025
The UK ETS Authority published a consultation paper setting out its proposals for extending the UK ETS scheme under the UK Greenhouse Gas Emissions Trading Scheme Order 2020 beyond the end of Phase I to follow directly into a second phase from 1 January 2031 onward. The consultation also seeks views on the length of the proposed Phase II and whether banking of emissions allowances between Phase I and Phase II should be permitted. Responses to this public consultation are required to be submitted by 23:59 BST on 9 April 2025.
The full consultation can be found here.
Publication
In compliance with the constitutional reforms published in the Federal Official Gazette, new secondary legislation regulating the energy sector, specifically in terms of power and hydrocarbons, was published on March 18, 2025.
Publication
On February 1, US President Donald Trump signed three executive orders which impose tariffs on Canada, China, and Mexico based on declared national emergencies associated with purported illegal immigration and fentanyl imports from each country.
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