UK and EU Greenhouse Gas Emissions Trading Schemes

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Publication Date 04/06/2021
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When the Brexit transition period ended on 31 December 2020, the United Kingdom (UK) left the European Union’s Emissions Trading Scheme – a key pillar of the EU’s policy to decrease greenhouse gas emissions across its member states as well as Iceland, Norway and Liechtenstein. UK operators were required to comply with the EU ETS until the end of the scheme year in April 2021. A new UK Emissions Trading Scheme (UK ETS) launched on 19 May 2021.

In this explainer, we look at how the EU and UK schemes work and how they might develop.

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