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Opt out of the UK ETS if your installation is a 'hospital or small emitter'

Opt out of the UK ETS if your installation is a 'hospital or small emitter'
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UK Emissions Trading Scheme - what's new?

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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UK's New Emissions Trading Scheme Hosts First Auctions - Environment

On January 1, 2021, the UK launched its very own
emissions trading scheme (the
UK
ETS ) exercising its autonomy since departing the EU.
Under this scheme, companies operating in certain sectors can trade
emission allowances (also known as carbon credits). On May 19,
2021, Intercontinental Exchange, Inc.
(
ICE ) hosted the scheme s first
emission allowance auctions on behalf of the UK government.
The benefits of the scheme are twofold. Not only does it provide
continuity from the UK s participation in the EU s
equivalent emission trading scheme (the
EU
ETS ), but it also focuses efforts to reach the
UK s
goal of reducing all greenhouse gas emissions to net-zero by ....

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Key Regulatory Topics: Weekly Update May 2021 | Allen & Overy LLP

Our weekly update on key regulatory topics affecting the financial services sector. ....

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UK'S New Emissions Trading Scheme Hosts First Auctions | MoFo Life Sciences

On January 1, 2021, the UK launched its very own emissions trading scheme (the “UK ETS”) exercising its autonomy since departing the EU. Under this scheme, companies operating in. ....

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