Responding to the UK-EU joint statement published this morning, Adam Berman, Director of Policy and Advocacy at Energy UK said:
“Today’s announcement is a step in the right direction towards lowering energy bills, tackling emissions, and bolstering our energy security. Cooperation with the EU on issues like electricity trading and carbon pricing will ensure we can achieve Net Zero faster – and at lower cost.
“It’s positive to see progress has been made in discussions between the UK and EU on these topics. Expediting negotiations on linking our respective emissions trading systems (ETS) are particularly critical in the context of the EU’s Carbon Border Adjustment Mechanism, which is being implemented at the beginning of next year.”
Note to Editors: For more details on the benefits of ETS linkage, see our explainer from earlier in the year.