UK Government Announces New Import Carbon Pricing Mechanism
Clean Energy Law
DECEMBER 19, 2023
Green , and James Bee On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM). The UK ETS puts a price on greenhouse gases emitted by domestic producers, through a “cap-and-trade” system, in which total carbon emissions and allowances under the scheme are capped.
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