EMEA > UK ETS reforms may cost oil major £30 mln hike in carbon costs, say analysts

UK ETS reforms may cost oil major £30 mln hike in carbon costs, say analysts

Published 16:17 on August 18, 2023  /  Last updated at 16:51 on August 18, 2023  / /  EMEA, EU ETS, UK ETS

Proposed reforms to the UK carbon market could result in oil and gas major seeing a near £30 million rise in permit costs due to the inclusion of certain emissions in the scheme from the production of offshore fossil fuels, according to an analyst report published in August, though the overall impact on the sector of the changes will be "minimal".
Proposed reforms to the UK carbon market could result in oil and gas major seeing a near £30 million rise in permit costs due to the inclusion of certain emissions in the scheme from the production of offshore fossil fuels, according to an analyst report published in August, though the overall impact on the sector of the changes will be "minimal".


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.