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Brexit pushes UK to begin own emissions trading system in 2021

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Due to Brexit, the UK government said on December 14 it will launch an emissions trading system (ETS) for domestic industry and power generation from January 1 next year. The International Emissions Trading Association (IETA) welcomed the announcement of a new UK ETS as a bold step in the right direction toward climate neutrality.

“Choosing a carbon pricing system that can be truly aligned with net-zero sends a strong message that the UK is serious about action on climate change,” IETA EU Pol…

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