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)
UK government confirms interim environmental watchdog and emissions trading scheme launch
The UK Government has confirmed that England's post-Brexit environmental watchdog will launch in July on an interim basis and that its domestic emissions trading scheme (ETS) will launch in May.
Will the 2021 Budget help the UK deliver a green recovery?
Chancellor Rishi Sunak will deliver his second Budget on 3 March. But, faced with the challenge of supporting the economy as the UK completes its lockdown exit roadmap, will the Budget deliver an appropriate response to the climate and nature emergencies?
Global carbon market grew 20% in 2020
The valuation of the global carbon market grew 20% in 2020, totalling almost €230bn and the fourth consecutive year of record growth, new research has found.
UK carbon trading scheme 'leaves many questions unanswered'
As the UK takes its first steps away from the EU, there are still plenty of open questions about how it will align with Europe on climate policy, and in particular, with the EU's flagship emissions trading scheme (ETS).
China 'preparing to launch its first emissions trading scheme'
The Chinese government is drawing up the first emissions trading scheme in the nation's history, after it committed to carbon neutrality by 2060.
Net-zero impact on UK economy to be 'relatively small', Treasury finds
The HM Treasury has published a final report in the build-up to a Net-Zero Spending Review, claiming that the transition to meeting the UK's long-term climate goals could deliver "slightly positive or slightly negative" economic growth for the UK, depending on how decisive policy action is.
Five things you need to know about the Energy White Paper
After months of delays, the UK Government finally unveiled its Energy White Paper on Monday (14 December) detailing how an overhaul to transport, energy and infrastructure will deliver an "overwhelmingly decarbonised power in the 2030s" on the road to net-zero by 2050.
An 'undisputed urgency to act': Green economy reacts to the Energy White Paper
The Government has unveiled the long-awaited Energy White Paper today (14 December), with green groups welcoming the focus it provides to both job growth and rapid decarbonisation in order to reach net-zero emissions by 2050.
Energy White Paper: Government confirms £6.7bn warm homes package and UK ETS
The UK Government has finally released its Energy White Paper, detailing steps to deliver "overwhelmingly decarbonised power in the 2030s", with a new £6.7bn support scheme to be set up to tackle fuel poverty and a UK variant of the Emissions Trading Scheme to be introduced.
'We can do it!': EU chief announces 55% emissions reduction target for 2030
European Commission President Ursula von der Leyen has confirmed plans to target a 55% cut in greenhouse gas emissions by 2030 as part of a broader European Green Deal programme aimed at reaching "climate neutrality" by mid-century.
Carbon prices to climb 50% over next decade following raised EU climate targets
Carbon prices across the European Union (EU) could increase by more than 50% over the next decade, with the bloc's proposed 55% reduction in emissions set to shape renewables and fossil fuel markets in the long-run, according to new analysis from the Refinitiv Carbon Research team.
EU lawmakers up the ante, vote for 60% climate target for 2030
The European Parliament's environment committee has voted for a new EU-wide target to reduce carbon emissions 60% by 2030, setting the stage for tough negotiations with EU countries and the European Commission, which is expected to propose a 55% goal next week. EURACTIV Germany reports.
edie Explains: The Green recovery
What is the green recovery? Where does business sustainability fit into its wider context? What is happening at a policy level? And what does the future hold for green recovery efforts? This edie Explains guide answers all of these questions and more.
edie Explains: Scope 3 carbon emissions
What are Scope 3 emissions? How are they calculated? How can they be mitigated and reduced? And, what are the business benefits of doing so? This free edie Explains guide gives you everything you need to know.
MEPs set to navigate shipping into the EU's carbon market
Members of the European Parliament's environment committee (ENVI) will vote on Tuesday (7 July) on a package of measures intended to clean up the maritime sector and to include shipping in the EU's Emissions Trading System (ETS).
EU carbon price to reach €32 by 2030, short of required price for UK's net-zero target
The International Emissions Trading Association (IETA) has published its latest carbon pricing forecast and vowed to lobby for the net-zero transition by 2050 at the latest, while the Zero Carbon Commission is t calling for a UK carbon price of £75 per tonne by 2030.
UK proposes national Emissions Trading System to replace EU carbon market
The UK Government has published new proposals on its individual UK-wide Emissions Trading System (ETS) that would replace the EU's carbon trading variant.
Carbon price: Tax polluters not people to assist coronavirus recovery, report urges
Carbon pricing aligned to the needs of the Paris Agreement can raise revenue to support the coronavirus recovery in a better way than a tax on income or labour, new research by the Grantham Research Institute on Climate Change and Environment at the London School of Economics and Political Science (LSE) has found.
Mission Possible: Achieving a sustainable future for RETAIL
edie’s insight report series provides an in-depth exploration of the steps that sustainability and energy professionals within Britain's retail industry can take to achieve a sustainable future, today.
The Sustainability Reporting and Communications Handbook 2020
Launched during edie’s Engagement Week (4-8 May), the Sustainability Reporting and Communications Handbook 2020 provides readers with expert advice when it comes to relaying the importance of sustainability to key stakeholders; along with fresh insights to create, deliver and share a compelling sustainability report.
Polluters see coronavirus as chance to lobby against climate policies
Corporate lobbying groups have been accused of “taking advantage” of the chaos caused by the coronavirus outbreak, with oil and gas groups and automotive coalitions found to have been calling for relaxed or postponed environmental regulations as response mechanisms to the virus.
Everything you need to know about the EU's new Circular Economy Action Plan and Industrial Strategy
The European Commission has today (11 March) unveiled its Circular Economy Action Plan, a sweeping set of commitments aimed at ensuring that circularity and resources efficiency acts as a "prerequisite for climate neutrality" in line with the European Green Deal and Industrial Strategy.
What makes a sustainability leader? Meet the Co-op's Cathryn Higgs
With the 2021 Sustainability Leaders Awards entry deadline approaching, this new feature series showcases the achievements of the 2020 winners and reveals their secrets to success. Up next: Our Sustainability Leader of the Year 2020, the Co-op's head of food policy Cathryn Higgs.