Research and analysis

Functioning of the UK carbon market

A high-level summary of the performance of the UK Emissions Trading Scheme during the first and second scheme years of its operation.

From:
Department for Energy Security and Net Zero
Published
27 July 2023

Documents

Functioning of the UK carbon market for 2021 and 2022: a joint report from the UK ETS Authority

PDF, 379 KB, 19 pages

Details

This report provides a high-level summary of the 2021 and 2022 scheme years of operation, with data showing the performance of the UK ETS for the first 2 years of the scheme, covering:

  • UK ETS infrastructure
  • UK ETS participants (installations and aviation)
  • functioning of the carbon market (supply of allowances, free allocation and auctions)
  • the Cost Containment Mechanism
  • market oversight
  • high-level compliance data
Published 27 July 2023