EU ETS Benchmarks Published.
The European Commission has this week published the updated EU ETS benchmarks for the current allocation period. Significantly for UK operators, these same benchmarks will be adopted for use in UK ETS and will determine free allocation from 2028 to 2030. What EU ETS benchmarks have changed? While not welcome news for many, but perhaps […]
UK ETS 2026 Baseline Window: Why it Matters.
The 2026 UK ETS baseline window (running from 1 April to 30 June 2026) is the second and final submission required ahead of the next allocation period beginning in 2027. This window is key because it determines how much free allocation full‑participant installations will receive for 2027–2030, and therefore how exposed operators may be to […]
UK ETS Regulators: Charging Scheme Updates for 2025/26.
With the new tax year beginning on April 1st 2025, each of the UK ETS Regulators updated their charging scheme for operators. This includes the ongoing annual subsistence charge payable per installation and other one off processing charges, such as permit variations. Although these changes have been in effect for several months, operators may have […]
UK ETS – What’s Next for Operators?
With the UK ETS baseline exercise now closed, focus shifts to the next verification cycle. At the end of June, the UK ETS baseline data collection exercise came to an end. All current UK ETS participants and Ultra Small Emitters (USEs) were required to submit a baseline data report. The 30th of June deadline also […]
UK ETS Baselining Exercise: Data report template and guidance documents released.
On Friday the 7th of February the UK Government Department for Energy Security and Net Zero (DESNZ) published a series of documents ahead of the upcoming UK ETS baselining exercise, scheduled to take place between 1st of April and 30th of June 2025. These include the template which must to be submitted by all operators, the […]
Postponing start of second UK ETS allocation period?
The UK ETS Authority is seeking opinions about the possibility of delaying the beginning of the next period. On Thursday the 26th of September, the UK ETS Authority called for a view on postponing the start of the second UK ETS allocation period. This follows on from a wider consultation reviewing free allocation policy as […]
UK ETS Authority Consultation
The UK ETS Authority published proposals on three operational changes to the scheme on the 23rd of September 2024. The UK ETS Authority has now begun seeking views on changes to the functioning of the scheme in the following areas: The publication of UK ETS Registry transaction data The disclosure of UK ETS information […]
UK ETS – Inclusion of Greenhouse Gas Removals
In 2023 the UK ETS Authority confirmed their intention to include engineered Greenhouse Gas Removals (GGRs) in the UK ETS in the belief that it would provide an appropriate long-term market for both nature based and engineered GGRs. For details of the UK ETS Authorities response in 2023, see click here. The latest consultation, released […]
TCFD Implementation – FRAB Recommendations
The Financial Reporting Advisory Board (FRAB) recommends a three step approach to TCFD implementation in the public sector. What is TCFD? Created in 2015, the Taskforce on Climate-Related Financial Disclosures (TCFD) set out to develop a framework for public companies to productively disclose climate related risks, with the aim of using these to promote […]
UK ETS Authority – Long-term pathway for UK ETS published
The UK Emissions Trading Scheme (UK ETS) Authority has published a long-term pathway for the UK ETS, as recommended by an Independent Review of Net Zero. The scheme will encourage investment in decarbonisation by providing businesses with certainty. Long term Commitment The legislation underpinning the scheme has been extended to (at least) 2050, when […]