Research and analysis

Functioning of the UK carbon market, 2024

A high-level summary of the performance of the UK Emissions Trading Scheme during the fourth scheme year of its operation.

• From: Department for Energy Security and Net Zero
• Published: 14 October 2025

Documents

Functioning of the UK carbon market, 2024

PDF, 375 KB, 19 pages

Details

This report provides a high-level summary of the 2024 scheme year of operation, with data showing the performance of the UK ETS for the fourth year 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 14 October 2025