The recommendation that we scrap the UKETS and ignore linkage with the continent ignores that this will expose us to the EU's Carbon Border Adjustment Mechanism and therefore render our exports much less competitive in the market. Nearly half our exports of goods go to the EU. /3

Anyone have any theories why the UKETS credit price is rising yet demand is way down?

I mean I know the market is led by sentiment but it’s getting silly now.

Demand should roughly tally with manufacturing output and its way off atm this must mean someone has in due influence

Any ideas?

UK to integrate carbon removals into its ETS by 2029 🌍 Big move for net zero & carbon markets. Here's why it matters 👉 www.unboundsummits.com/library/carb... #CarbonRemoval #UKETS

Mission Zero’s Policy Lead, Tom Rollason, breaks down exactly what’s happening, why it matters, and what still needs to be ironed out. 👇

tinyurl.com/5236sc6t

#CarbonRemoval #UKETS #CDR #ClimatePolicy #DirectAirCapture

UKETS:
Waste www.gov.uk/government/c...
Maritime: www.gov.uk/government/c...
GGRs: www.gov.uk/government/c...

Low ETS price could undermine UK’s net zero aspirations.

#UKETS #NetZero

www.csofutures.com/news/low-ets...

The first is most straightforward and involves linking the UKETS to the EUETS. The EUETS has a higher carbon price, and so linkage should increase receipts to the Treasury to pay for lower bills for business - albeit at a higher cost to the rest of us. /2

🌟 A huge thank you to everyone who attended the first edition of our #CarbonCrossroads events in Amsterdam on 19 June and the insightful exchange of views on the evolution of carbon markets #EUETS #UKETS #ETS2 #CBAM #2040

UKA 🇬🇧 up +30% YoY 📈
Now accessible via @homaio.bsky.social  — after EUAs, it’s time for UK carbon markets.
Join the waitlist 👉 app.homaio.com/asset/UKA_DAILY/performance

#UKA #CarbonMarkets #ClimateFinance #UKETS #Homaio

👏Congratulations: UK-EU Carbon market linking

UKETS🔗EUETS

Agreement from the 'UK-EU Summit - Common Understanding' on 19 May

www.gov.uk/government/p...

Let's fag pack this for fun

Carbon prices
~£50/t in UK
~£60 in EU

Power…
Carbon intensity of GB power
~150g/kWh

Avg home
2,700kWh = ~0.5tCO2

So extra £10/t = extra £5

Other ETS…
UKETS cap ~150Mt, of which 50 power

100Mt per 65m ppl = 1.5t

So extra £10/t = extra £15

Total = £20

Ummmm…

United Kingdom Allowances have been the top performing commodity or index in January, well over bitcoin, gold, or the SP500. European Union Allowances come in fourth. If neither are in your portfolio, it might be time to consider updating your strategy ! #EUETS #UKETS #investing #personalfinance

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🌎RGGI WCI LCFS EUETS UKETS APAC

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The CCC acknowledges progress in some areas, inc confirmation of the ZEV mandate, deal on low-carbon steel at Port Talbot & tightening of UKETS, though the latter "has been set at the looser end"

UK carbon prices have ~halved this year as markets price in weakening climate ambition from Rishi Sunak

Great reporting by @OilSheppard highlighting big potential impacts of EU #CBAM on UK exporters, if UKETS continues to trade at a discount to the EUETS

www.ft.com/content/53e9...