The UK Emissions Trading Scheme (UK ETS): Consultation Response
On 3 July 2023, the UK ETS Authority (the Authority) published its response to the March 2022 consultation on reforming the UK ETS (the Consultation). The Consultation sought views on various proposals designed to meet the Authority’s commitment to implementing a net zero consistent cap for the UK ETS, reviewing the free allocation policy, and expanding the use of emissions trading across the economy. It is clear from the Authority’s response to the Consultation that stakeholder input has been considered and progressive structural changes are going to be introduced to the UK ETS.