EU Close to Deal to Link UK Carbon Market After Brexit Split
5 Articles
5 Articles
EU Close to Deal to Link UK Carbon Market After Brexit Split
The European Union and the UK are in the final stages of a deal to link their emissions markets, a move that would boost liquidity and eventually save companies millions of euros in carbon border taxes.
The European Union and the United Kingdom have moved closer to concluding an agreement on combining carbon emissions trading systems (ETS).
According to Bloomberg, the deal is expected to be announced at a major summit later this month.
The European Union and the United Kingdom are close to reaching an agreement to reconnect the carbon-trade markets, in a move to reduce trade costs and enhance market liquidity, amid expectations that the agreement will be announced at a forthcoming summit on 20 November. The news agency Bloomberg stated that the move comes about six years after Britain established an independent emissions trading system following its exit [...] the European Uni…
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