In response to the ETS reforms announced by the UK Government today Marta Krajewska, Deputy Director at Energy UK, said:
“We are very pleased to see the publication of the response to last year’s Developing the UK ETS consultation by UK Emissions Trading System (ETS) Authority. Energy UK welcomes the clarity that this response brings to the UK power sector after months of uncertainty around the future of the scheme. The UK’s carbon market is a powerful tool in promoting the transition to a low-carbon economy, and Energy UK supports the ETS as a key policy for achieving the UK’s target of Net Zero emissions by 2050. We therefore support the Authority’s decision to set the UK ETS cap to be aligned to and consistent with Net Zero, and look forward to engaging with Government over the coming weeks and months on the finer details within the response.”