Should the UK and EU emissions trading schemes be linked?

The EU ETS was the world’s first international emissions trading scheme when it launched in 2005. The UK’s ETS took effect in 2021 after Brexit (Photo: Lukas Schulze/Getty Images)

The introduction of the EU carbon border adjustment mechanism late this year could see the UK subject to extra costs – a good reason, say proponents, for the UK ETS to link with that of the EU.

Creating any system that runs across jurisdictions is always likely to face hurdles. ...

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