The UK wants to establish a post-Brexit carbon emissions trading system (ETS) linked with the EU ETS. If a Brexit deal is reached, the UK plans to stay in the EU's framework, which charges power plants and factories for every tonne of CO2 emitted, until the end of the current trading phase in 2020. It then intends to launch its own version aligned with the EU's system, following negotiations. In the event of a no-deal Brexit, a further emissions tax will be introduced. The UK has a legally-binding target to cut its 2050 greenhouse gas emissions levels by 80% before 1990.
The UK wants to establish a post-Brexit carbon emissions trading system (ETS) linked with the EU ETS. If a Brexit deal is reached, the UK plans to stay in the EU's framework, which charges power plants and factories for every tonne of CO2 emitted, until the end of the current trading phase in 2020. It then intends to launch its own version aligned with the EU's system, following negotiations. In the event of a no-deal Brexit, a further emissions tax will be introduced. The UK has a legally-binding target to cut its 1990 greenhouse gas emissions levels by 80% before 2050.