DEFINITION: A market-based ‘cap and trade’ on emissions that allows parties to buy and sell permits for emissions or credits. The ETS covers 45% of the greenhouse gas (GHG) emissions emitted from energy-intensive sectors. In the UK, more than 700 UK-based energy intensive installations, including power stations, manufacturing facilities and oil refineries, participate in the system.
Emissions Trading System (ETS)
Sector Insight: The state of sustainability in hospitality & leisure
This exclusive insight report explores the key drivers, challenges and opportunities facing sustainability in the UK's hospitality & leisure industry.
Report: EU carbon prices could hit €55 by 2030
EU carbon prices could quadruple to €55 a tonne by 2030 if policymakers align the bloc's emissions targets with the Paris Agreement.
WEBINAR: How to uncover savings and improve your operational performance through energy insight
Our expert panel will discuss how to use advanced energy insights to help you to uncover savings and improve your operational performance.
Investors and energy giants call for close UK EU climate ties after Brexit
Aviva, E.ON, RWE, EDF and NPower are among a coalition of 21 energy giants and top investors who have called on Britain and the EU to maintain close links on energy and climate policy after the UK leaves the bloc.
edie Explains: Smart grids
What is a smart grid and why is it important? What are the potential business benefits of the smart grid transition? And how mature is the smart grid concept in the UK? This free edie Explains guide gives you everything you need to know.
EU's carbon market update clears final hurdle
The Council of the EU has given the final stamp of approval to an update to the European Union's Emissions Trading System (ETS), which hopes to help the bloc cut emissions by 40% by 2030.
OECD urges countries to tax dirty energy
The Organisation for Economic Co-operation and Development (OECD) has encouraged governments to start taxing CO2 emissions more aggressively, in a new report which warns that current taxation levels are not enough to fight climate change effectively.
Business benefits of EU ETS reform clouded by Brexit uncertainty
EXCLUSIVE: Last week's vote in favour to reform the EU's carbon market is a "strong signal" that energy-intensive businesses should accelerate decarbonisation processes, although the European Parliament's rapporteur on the reform has warned that Brexit will act as high-profile distraction.
Parliament rubber-stamps EU carbon market reform
European lawmakers voted in favour of a deal to reform the EU's carbon market after 2020 on Tuesday (6 February), as well as bolstering prices in the bloc's flagship tool for reducing greenhouse gas emissions.
Plastic tax and ETS tinkering could plug Brexit hole, suggests EU budget chief
EU Budget Commissioner Günther Oettinger has revealed that the European Commission will propose taxing plastic and shifting emissions trading income to EU level, in an attempt to balance the bloc's coffers once the United Kingdom leaves the EU.
What can we learn from China's launch of the world's largest carbon market?
China has today (19 December) signalled its intent to address climate change with the launch of the world's largest carbon market.
Will post-Brexit Britain choose political sovereignty over close EU climate and energy ties?
The UK will need to sacrifice some of its political sovereignty if it wants to maintain a close post-Brexit relationship with the EU over climate and energy-related affairs, according to a top former EU Commission figure.
EU and California to discuss linking carbon markets
The EU and California are beginning talks to potentially create a common carbon market that could also include China.
European Commission moves to Brexit-proof Emissions Trading System
The European Commission has agreed on a new measure to protect its Emissions Trading System (ETS) against a potential breakdown in Brexit negotiations.
CDP: Huge leap in multinationals adopting internal carbon price
A new CDP report has highlighted an 8-fold increase in the number of large multinational factoring an internal carbon price into business strategies over the past four years.
MEPs urge EU to ratchet up climate ambitions ahead of UN summits
The European Parliament on Wednesday (3 October) backed a resolution that calls on the EU to increase its 2030 climate targets and to come up with a mid-century zero-emissions strategy before an all-important UN summit in 2018.
Carbon tax could wipe out polluters' profits in pursuit of Paris targets
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Report maps UK's 'uncertain' energy landscape post-Brexit
As Britain looks set to leave the EU's Single Market, business consultants have attempted to map out the numerous challenges facing the energy sector after Brexit, making the case for a transition phase to smooth the exit path.
Energy giants back calls to cut financial support for polluting powerplants
A coalition of thirteen energy industry firms, including Siemens, Shell and Total, have launched a new joint initiative to limit the amount of state aid subsidies that are sent to highly-polluting fossil fuel plants across the European Union (EU).
Exxon, BP and Shell back carbon tax proposal to curb emissions
Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change.