Carbon price set for civil penalties in 2024.
The UK ETS Authority has determined the carbon price for use in civil penalties during the 2024 reporting year will be £64.90. What is the carbon price for civil penalties? Hospitals and small emitters (HSEs) are installations within UK ETS that can chose to opt out of the main scheme, if they meet both of […]
METS (Manage Your UK Emissions Trading Scheme Report Service) Launches
August has seen the launch of the new UK ETS reporting system, METS, which replaces the previous EU based ETSWAP portal. As part of this transition, only the current active permit and a sole primary contact for each installation have been migrated, with the primary contact expected to add all other users as necessary. The […]
ESOS Phase 3 Compliance Deadline Extended.
As announced in the June ESOS newsletter, the ESOS Phase 3 compliance deadline has been postponed until the 5th June 2024 (previously 5th December 2023). Due to changes announced in the UK Government’s ESOS consultation response in July last year, the extension has been granted to allow necessary time to ensure participants meet the new […]
Delayed Launch of ETSWAP Replacement System: METS
A further update on the status of the ETSWAP replacement system has now been circulated by the Regulator. This follows on from our news updates posted about the original timeline of ETSWAP being replaced and a new system launch in October 2022 – click here to read this. And, the subsequent delay of the new […]
Carbon price set for civil penalties in 2023
The UK ETS Authority has determined the carbon price for use in civil penalties during the 2023 reporting year will be £83.03. What is the carbon price for civil penalties? Hospitals and small emitters (HSEs) are installations within UK ETS that can chose to opt out of the main scheme as they have a capacity […]
UK Emissions Trading Scheme – Migrating to a new PMRV system.
Last year the UK Emissions Trading Scheme (UK ETS) replaced the UK’s participation in the EU ETS. As part of this transition, a new UK system will soon be launched for permitting, monitoring, reporting and verification (PMRV) – replacing the existing ETSWAP system. Recently the Environment Agency has written to all site operators participating in the […]
What is carbon leakage?
Carbon leakage is a term used to describe the migration of emissions between jurisdictions, resulting in increased greenhouse gas emissions. To explain carbon leakage further; if a business decides to shut down their production facility in Country A, which has strict regulations, and instead open a new site in Country B which has more lenient […]