The UK Emissions Trading Scheme (UK ETS), launched on January 1, 2021, as a successor to the EU ETS for the UK (excluding Northern Ireland’s electricity generators), is overseen by the UK ETS Authority. Comprising the UK, Scottish, Welsh Governments, and Northern Ireland’s Department of Agriculture, Environment, and Rural Affairs, this initiative is designed to advance the UK’s climate goals through carbon pricing while safeguarding the competitiveness of British businesses. Covering approximately 1,000 entities across energy, manufacturing, and aviation sectors, with allowances primarily distributed through auctions, the UK ETS aims to reduce emissions significantly. It has set an ambitious net-zero emissions target, proposing a cap reduction of around 30% for Phase I (2021-2030), with a cap reset at 936 million allowances to align with this goal. The scheme is subject to continuous assessments and enhancements, including the exploration of strategies to mitigate carbon leakage risks, such as product standards and a carbon border adjustment mechanism (CBAM).
Type | Category | Title | Source |
---|---|---|---|
View | Price | EUA and UKA Benchmark USD | cCarbon |
View | Market variable | UK ETS Gas Storage | GIE and/or its members |
View | Market variable | UK Power Generation and demand (Annual) | Ember |
View | Market variable | UK Power Sector Demand and Emissions Trend (Monthly) | Ember |
View | Price | EUA and UKA Benchmark | cCarbon |
View | Model | UK ETS Emission Factors | cCarbon |
View | Market variable | UK ETS Gas Withdrawal | GIE and/or its members |
View | Market variable | UK Power Generation Annual Trend | Ember |
*Master Query | Price | UK ETS Benchmark | cCarbon |
View | Emissions | UK ETS (power, stationary, aviation) Annual emissions | UK ETS Authority |
Data | Model | UK ETS Emission Factors | cCarbon |
Data | Market variable | UK ETS Historical Emissions (Sector-Wise Annual) | UK ETS Authority |
View | Market variable | UK Power Generation Share_month | Ember |
View | Price | UK ETS Benchmark Price | cCarbon |
Data | Emissions | UK ETS (Power,stationary, aviation)annual emissions | UK ETS Authority |
View | Market variable | UK ETS Gas Injection Seasonal | GIE and/or its members |
Data | Market variable | UK Gas Storage | GIE and/or its members |
View | Market variable | UK Power Generation Trend (Monthly) | Ember |
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