UK Emissions Trading Scheme

The UK Emissions Trading Scheme (UK ETS) is the carbon emission trading scheme of the United Kingdom. It is cap and trade and came into operation on 1 January 2021 following the UK's departure from the European Union. The cap is reduced in line with the UK's 2050 net zero commitment.

Carbon Price Support (CPS) is an additional tax, paid by electricity generation companies that use fossil fuels, introduced in 2013 in response to the low prices then on the European Union Emissions Trading System.

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