Position paper – ERCST’s response to the Department for Business, Energy & Industrial Strategy’s open consultation for Developing the UK Emissions Trading Scheme (UK ETS)
[vc_row][vc_column width=”2/3″][vc_empty_space][vc_column_text]This position paper is ERCST’s response to the the Department for Business, Energy & Industrial Strategy’s open consultation for Developing the UK Emissions Trading Scheme (UK ETS).
In this paper, ERCST highlights 6 issues that are important to be assessed and addressed in the upcoming UK ETS review:
- Enable linkage between the UK and the EU ETS as soon as possible.
- Further progressing the development of the Article 6 mechanisms.
- More auction revenues spent on industrial transformation.
- Keeping the current benchmark values under EU Law.
- Withdrawing from the ARP (Auction Reserve Price).
- Sharing experience on the UK Cost Containment Mechanism as a good mechanism to avoid excessive price fluctuations.
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