'Net zero consistent': UK carbon allowances to be slashed by 12.4 per cent next year

Cecilia Keating
clock • 6 min read
The UK ETS applies to energy intensive industries, the power generation sector and aviation | Credit: iStock
Image:

The UK ETS applies to energy intensive industries, the power generation sector and aviation | Credit: iStock

Supply of allowances auctioned to high-carbon industries set to fall from 79 million in 2023 to 24 million by 2030 under plans unveiled this morning

The government has set out a timeline for reducing the number of carbon allowances carbon intensive companies can buy through the UK Emissions Trading Scheme (UK ETS) between now and 2030. The plans,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Carbon Trading

Gold Standard launches next-generation carbon credit registry

Gold Standard launches next-generation carbon credit registry

Updated carbon registry platform delivered in partnership with Trovio aims to improve connectivity with national registries, while maintaining full traceability of credits

clock 14 May 2026 • 2 min read
'A competitiveness engine for Europe': Almost 150 firms rally against mooted ETS overhaul

'A competitiveness engine for Europe': Almost 150 firms rally against mooted ETS overhaul

Open letter backed by almost 150 major manufacturers, corporates, and investors argues EU's flagship climate policy must remain 'predictable, credible, and ambitious'

Michael Holder
clock 18 March 2026 • 5 min read
UN approves first carbon credits under Paris Agreement

UN approves first carbon credits under Paris Agreement

UNFCC formally approves first credits under the new Paris Agreement Crediting Mechanism

clock 26 February 2026 • 3 min read