In June 2020, the United Kingdom’s Department for Business, Energy & Industrial Strategy (BEIS) published its preferred approach to carbon pricing. The government’s aim is to implement a UK emissions trading system (UK ETS) in January 2021 following Brexit that is linked to both the European Union Emissions Trading Scheme (EU ETS) and the Swiss Emissions Trading Scheme (Swiss ETS) and is at least as ambitious in terms of scope and subject to the same cap as the EU ETS, proportional to the UK’s current share of the EU ETS cap (as if the UK had remained in EU ETS following Brexit).
Read more at: National Law Review
