UK outlines carbon tax replacement for EU ETS under ‘no deal’ Brexit

Published 18:48 on October 29, 2018  /  Last updated at 09:48 on December 14, 2020  /  Carbon Taxes, EMEA, EU ETS, UK ETS  /  No Comments

The UK plans to replace its participation in the EU ETS with a £16/tonne (€18, $20.50) domestic carbon tax under a ‘no deal’ Brexit scenario, charging it on top of its existing Carbon Price Support emissions levy, the government announced during its autumn budget on Monday.

The UK plans to replace its participation in the EU ETS with a £16/tonne (€18, $20.50) domestic carbon tax under a ‘no deal’ Brexit scenario, charging it on top of its existing Carbon Price Support emissions levy, the government announced during its autumn budget on Monday.

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