Emissions Trading System Workflow Automation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BEIS ) published updated guidance on participating in the UK Emissions Trading Scheme (
UK ETS ) which launched on 1 January 2021. While the UK ETS closely follows the EU Emissions Trading Scheme (
EU ETS ), for now at least, it is a standalone scheme, established by the Greenhouse Gas Emissions Trading Scheme Order 2020 (
TSO ). It is intended to provide some continuity with how the EU ETS works in regulating the greenhouse gas (
GHG ) emissions of the UK s most energy intensive industries, whilst keeping the UK in check with its net zero ambitions. On 4 March 2021, BEIS also published updated compliance guidance for aircraft operators subject to the UK ETS to follow up previous guidance from December 2020. We consider below the main features of the UK ETS, its divergence from the EU scheme and the potential implications of the new standalone scheme for UK industry. ....

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