CO2 Management > CCUS > UKA prices surge even as government opts for least ambitious ETS cap cut option in net zero trajectory reforms

UKA prices surge even as government opts for least ambitious ETS cap cut option in net zero trajectory reforms

Published 07:55 on July 3, 2023 / Last updated at 00:08 on July 4, 2023 / / CO2 Management (CCUS, Engineered Removals), EMEA (Compliance Markets & Taxes, Europe)

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The UK government will opt for the least ambitious suggested option for tightening its ETS cap to align with a 2050 net zero emissions trajectory and will further mitigate this by adding unallocated allowances to the market, while committing to include carbon removals following further consultation.
The UK government will opt for the least ambitious suggested option for tightening its ETS cap to align with a 2050 net zero emissions trajectory and will further mitigate this by adding unallocated allowances to the market, while committing to include carbon removals following further consultation.


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