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Determining the price of the UK ETS scheme


Using Wind Energy for Hydrogen Production : An Innovative Concept Cornwall Insight considers the potential scenarios for UK carbon prices as we transition to the new UK ETS, noting the role of market tools, policy, and recent pricing trends in determining these costs.
Key findings
• The combination of an Auction Reserve Price (ARP) of £22/t and the Carbon Price Support (UK CPS), set at £18/t, set a minimum overall price for total UK carbon at £40/t.
• There is uncertainty with further market drivers potentially pushing allowance costs higher.
• The UK has initially set its emissions cap 5% lower than the previous cap it had under the EU ETS. ....

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UK targets 78% cut in GHG emissions by 2035, to include aviation, shipping


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In line with Climate Change Committee recommendations, for the first time the UK is to incorporate its share of international aviation and shipping emissions in its new carbon budget, BEIS said.
We want to continue to raise the bar on tackling climate change, and that s why we re setting the most ambitious target to cut emissions in the world, UK Prime Minister Boris Johnson said in the statement.
In a planned address to the US Leaders Summit on Climate April 22, the prime minister would urge world leaders to join the UK in setting targets to reduce emissions by 2030 that align with net-zero, BEIS said. ....

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