'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,...

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