SEPA Consultation: Emissions Trading Charging Scheme
The Scottish Environment Protection Agency (SEPA) is currently conducting a consultation regarding its Emissions Trading Charging Scheme for 2024. The suggested changes to the ETS Charging Scheme will be especially relevant for main scheme operators who are eligible for free allocation of emissions allowances, as well as participants in the Hospital and Small Emitter (HSE) […]
Overall UK ETS Emissions drop by almost 13%
Emissions reported under UK ETS have dropped by 12.5% from 2022 to 2023 reporting years, as shown by the UK ETS Trading Registry Compliance Report published on 7th June. Total Emissions have dropped below 100m tCO2e for the first time since the inception of UK ETS in 2021. It is difficult to celebrate […]
Why our 2023 UK ETS reporting cycle ran smoothly
Early into the 2024 UK ETS reporting year, we thought it would be a good opportunity to update you on what the 2023 cycle felt like here for us here at Swan Energy. We reported over one million tonnes CO2 on behalf of 88 installations across the UK for 2023 UK ETS reporting year. These […]
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 […]
UK ETS – Inclusion of Waste Incineration Facilities
In 2023, the UK ETS Authority confirmed that waste incineration facilities (energy from waste and waste incineration) will join the UK ETS scheme in 2028. For full details, please click here. The purpose of the consultation now released on 23rd May 2024 is to provide more detail and consult on the implementation of how waste […]
UK ETS Allocation Period – Changing the Application Window
As the first UK ETS allocation period draws to a close, the free allocation and opt-out application window for the next UK ETS allocation period (2026-2030) is set to open. Following a consultation over the winter, the application window has been delayed and will now open 1st April 2025 – 30th June 2025. Ahead of […]
UK Carbon Border Adjustment Mechanism: Have your say.
On the 21st of March 2024, HM Revenue and Customs and the HM Treasury published the consultation ‘Introduction of a UK Carbon Border Adjustment Mechanism from January 2027’. The purpose of the consultation is to seek views on the proposed design, structure and administration of the UK Carbon Border Adjustment Mechanism. Background In December […]
Monitoring and Reporting Biomass in Installations: An Update
The UK ETS Authority has recently outlined the specific evidence that operators are required to provide in order for them to report bioliquids as zero emissions. While the use of bioliquids is an effective way of reducing an installations greenhouse gas emissions, the bioliquid must meet the relevant sustainability criteria for the installation to apply […]
UK ETS Authority Civil Penalties Consultation
A UK ETS Authority Civil Penalties consultation has recently been published, which is seeking views on amendments to existing civil penalties within the scheme. Here is a summary of the proposals that are being made. 1) UK ETS Authority Civil Penalties – Amendment to Article 57 civil penalty. At present there are three penalties […]
Understanding the EU Carbon Border Adjustment Mechanism
The European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) has emerged as a pivotal tool in the EU’s efforts to combat climate change. This article summarises what the CBAM is, its purpose, who it applies to, how it shall be introduced, its link to other EU legislation and the possibility of a CBAM being implemented throughout […]