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)
G20 nations have funnelled $3.3trn into fossil fuel subsidies since 2015, BNEF reveals
G20 member countries collectively allocated subsidies topping $3.3trn to the oil, coal, gas and fossil-fuelled electricity generation sectors between 2015 and 2019 - a level incompatible with the Paris Agreement.
COP26 Action Tracker: China's ETS launches as UK's Cambo oilfield plans draw controversy
With less than four months to go until COP26, this new series from edie will provide a regular temperature check of global climate action from nations and businesses.
Europe's 'Fit for 55' climate package: What is included?
The European Commission has tabled a package of energy and climate laws aimed at reaching the EU's 2030 goal of cutting emissions by 55%, and putting it on track to hit net zero by 2050.
Carbon prices must treble by 2030, $6.6trn investor coalition urges
The UN-convened Net-Zero Asset Owner Alliance, whose members manage $6.6trn of assets, is warning that the world won't decarbonise rapidly enough to deliver the Paris Agreement without a "radical overhaul" of carbon pricing.
Sustainable Business Covered podcast: What role do carbon markets and pricing play in the net-zero transition?
With news around offsetting schemes and emissions trading featuring heavily in headlines in recent weeks, episode 103 of the Sustainable Business Covered Podcast explores their role in the net-zero transition.
Green Brexit? Report accuses UK of failing to effectively replace EU energy systems policy
Brexit is making the UK's transition to net-zero "more complex", a new report has warned, stating that Covid-19 has further delayed efforts to set strong decarbonisation policies for an independent UK.
UK ETS: Post-Brexit carbon market opens for first time with carbon price topping £50 per tonne
The UK's carbon price has hit £50 as the nation's post-Brexit emissions trading scheme (ETS) opened for the first time on Wednesday morning (19 May).
More than one-third of large companies putting a price on carbon internally, CDP finds
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Report: China's carbon neutrality goal only achievable with major coal phase-out
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Emissions covered by EU pricing markets fell 12% in 2020
Emissions regulated under the European Union's (EU) carbon market decreased by more than 12% last year, with the coronavirus severely limiting energy demand and industrial output.
Tax Day: Treasury will review controversial proposals for aviation duties
The Treasury has provided more than 30 updates to tax rules in the UK, but has stopped short of providing VAT breaks for energy-efficient and resource-efficient materials and business models that many had hoped for.
edie Explains: Biodiversity and Business
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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.
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Global carbon market grew 20% in 2020
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UK carbon trading scheme 'leaves many questions unanswered'
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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.
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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.
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Energy White Paper: Government confirms £6.7bn warm homes package and UK ETS
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'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.
What makes a sustainability leader? Meet the Co-op's Cathryn Higgs
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Meet edie's 30 Under 30 Class of 2020: Peter Statham, Carlsberg Group
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