UK Emissions Trading Scheme: EU Emissions Trading Scheme
The question
To ask the Secretary of State for Energy Security and Net Zero, when he expects the UK will be ready to enter the carbon market linking the UK’s emissions trading scheme with that of the EU.
Answered by Sarah Jones
The UK and the EU have agreed to work towards linking the UK Emissions Trading Scheme (UK ETS) and EU Emissions Trading System (EU ETS) as announced at the Sumit on 19 May.
To that end the UK and the EU have agreed the parameters for linking agreement, which will be subject to upcoming negotiations. The UK is now working closely with the EU to agree a timetable for negotiations.
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