The UK Emissions Trading Scheme (UK ETS) Authority (UK Government, Scottish Government, Welsh Government and the Department of Agriculture, Environment and Rural Affairs for Northern Ireland is seeking input on a number of proposals to develop future markets policy.
The Authority is reviewing ETS markets policy to ensure that it remains fit for purpose and is effective in managing the risks faced by an established and maturing scheme. This will help to maintain stable and effective market conditions that will continue to incentivise decarbonisation in the traded sector.
This consultation seeks views on:
- whether the Authority has identified the most significant risks to effective market functioning
- the suitability of different policy options to address the risks identified
- how individual market stability policies should be designed to most effectively address market risks while minimising intervention and disruption in the market
This consultation is open to all but will be of particular interest to:
- individual companies and representatives of industrial, power and aviation sectors with obligations under the UK ETS
- ETS market traders
- financial institutions and investors
- environmental groups
- individual companies and representatives of maritime, waste, greenhouse gas removals and agricultural sectors
The consultation does not apply to NI electricity generators who participate in the EU ETS by virtue of the Ireland / Northern Ireland Protocol.
See our consultation privacy notice.