EnergyWatch

The UK will pull out of EU carbon trading without Brexit deal

If the UK fails to reach a Brexit deal with the EU, it will withdraw from the EU carbon trading system, according to a guidance issued by the UK Department for Business, Energy and Industrial Strategy.

Photo: AP Photo/Frank Augstein/Ritzau Scanpix

The European carbon trading system may lose a critical player as early as March next year. According to a guidance issued by the UK Department for Business, Energy and Industrial Strategy, the UK will also end up pulling out from the EU emissions trading scheme, ETS, should the UK fail to reach a Brexit deal with the bloc.

"The UK will be excluded from participating in the EU Emissions Trading System in a 'no deal' scenario. This means that current participants in the EU Emissions Trading System who are UK operators of installations will no longer take part in the system," says the ministry in the guidance.

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