This fulfils the commitment made in December 2023 within the UK Emissions Trading Scheme long-term pathway to consult on the extension of the Scheme.
This consultation proposes options and seeks views on:
- extending the UK ETS into a second phase from 1 January 2031 onward
- the length of a post-2030 Phase II
- whether to allow banking of emissions allowances (UKAs) between Phase I and a post-2030 Phase II of the Scheme
This will primarily affect companies who offset their CO2 emissions by buying carbon credits from other sectors that are achieving lower emissions. If you are interested in contributing to BIVDA’s response to this consultation, please email regulatory@bivda.org.uk.
