![]() These could include putting in place rules to require participants to manage or limit their UK allowance holdings and limiting the size of auction bids. Should excessive market instability compromise the scheme, the Authority may consider further interventions beyond the cost containment mechanism ( CCM) aimed at calming instability, without affecting the integrity of the scheme. It also signals that the UK ETS Authority will monitor the market closely as it develops and will actively consider at the earliest opportunity actions to support smooth market operation. It sets out background information on the functioning of the auctions and secondary market, free allocation, and the market stability mechanisms that the ETS Authority has in place to support smooth market operation. This page explains the supply of allowances in the UK ETS in the early years of the scheme. Read further guidance on participating in the UK ETS. The UK ETS will promote cost-effective decarbonisation, allowing businesses to cut carbon emissions where it is cheapest to do so. The 4 administrations of the UK – the members of the UK ETS Authority – have established the scheme to increase the climate ambition of the UK’s carbon pricing policy, while mitigating the risk of carbon leakage through free allowances. Under the Ireland/Northern Ireland Protocol, electricity generators in Northern Ireland remained within the EU ETS. The UK Emissions Trading Scheme ( UK ETS) went live on 1 January 2021, replacing the UK’s participation in the EU ETS.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |