'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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Carbon Trading

The carbon credits debate is finally shifting from 'whether' to invest to 'how'
Carbon Trading

The carbon credits debate is finally shifting from 'whether' to invest to 'how'

With clarity and integrity noticeably improving in supply and demand, where we used to represent opposing positions, we now largely agree on how companies should use carbon credits, write VCMI's Mark Kenber and Oxford Net Zero's Kaya Axelsson

Mark Kenber, VCMI, and Kaya Axelsson, Oxford Net Zero
clock 21 September 2026 • 4 min read
Google inks its 'largest ever' carbon and methane removal deal
Carbon Trading

Google inks its 'largest ever' carbon and methane removal deal

Agreement with Terradot pairs methane cuts from sustainable rice farming with enhanced rock weathering on rice farms in Brazil

Amber Rolt
clock 17 September 2026 • 2 min read
VodafoneThree puts out call for UK-based carbon removals to support its climate strategy
Carbon Trading

VodafoneThree puts out call for UK-based carbon removals to support its climate strategy

Telecoms operator launches four-year procurement process with Abatable to seek carbon removals from nature based and engineered projects across the UK

Amber Rolt
clock 14 August 2026 • 2 min read