The UK emissions trading scheme (ETS) will be reformed next year to tighten limits on carbon dioxide pollution and expanded in 2026 to include new sectors, the relevant authority said on Monday.
Introduced in 2021 for an initial phase lasting until 2030, it replaced the UK's participation in the European Union's ETS.
Building on the first years of trading and a consultation held last year, the UK Emissions Trading System Authority has decided that industries covered by the scheme will need to bring down emissions at a faster rate to reach net zero goals.
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