Emissions Trading System (ETS)

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.

Related items

Ryanair transported 130 million passengers and declared  9.9 megatonnes of greenhouse gas emissions in 2018

Ryanair becomes first non-coal company to rank among Europe's top ten carbon emitters

Irish airline Ryanair was the EU's ninth highest corporate carbon emitter in 2018, making it the first corporate without holdings in coal-fired power plants to ever rank within the bloc's top 10 most emitting firms.

The second carbon budget was met with emissions of 384 MtCO2e (14%) below the level of the budget

CCC advises government against rolling over carbon budget surplus

The Committee on Climate Change (CCC) has issued "unequivocal advice" to the government not to carry forward an emissions surplus from the second carbon budget to subsequent accounting periods.

edie Explains: Onsite generation

Is onsite energy generation right for your business? What are the technology options and how do you choose the right one? This edie explains business guide, produced in association with Centrica Business Solutions, has the answers.

The UK government has so far refused to say whether it will stay committed to clean energy targets agreed at European level after Brexit

Business giants urge UK, EU to continue energy and climate cooperation after Brexit

A top-level business alliance has called on UK and EU leaders to ensure Brexit includes a comprehensive Climate and Energy Chapter, amid worries about the UK's commitment to international climate policies after the country leaves the European Union.

The current carbon price in the EU is €18.28 - up more than threefold since May 2017

Report: EU carbon prices could hit €40 over next five years

European Union (EU) carbon prices could more than double to €40 per tonne between 2019 and 2023, spurring the transition away from coal power across the bloc.

The EU and China have emerged as leaders of the COP21 agreement Image: UNclimatechange

China, EU reaffirm Paris climate commitment, vow more cooperation

China and the European Union on Monday reaffirmed their commitment to the Paris climate change pact and called other signatories to do the same, saying action against rising global temperatures had become more important than ever.

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.

Researchers say that a Paris-compliant EU-ETS system could force all coal and lignite plants – even the most efficient – either off the grid or to the margin

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.

Britain’s decision to leave the EU has posed a daunting list of questions to the energy sector

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.

Hill spent two years as Tesla’s VP of EMEA between 2015 and 2017, where his remit was to “save the planet”

Why an ex-Tesla VP has turned to storage, blockchain and Virtual Power Plants to 'save the planet'

Last month a UK start-up announced that ex-Tesla vice president Ben Hill was joining their team. Here, edie discovers why he has swapped the world of mobility to embark on a vision to transition the world to 100% renewable energy.