Brexit has frozen UK participation in the ETS – we estimate that the UK government will forgo at least €1.3 billion in auction revenue this year
Hard coal emissions fell by 9% in 2018, down 40% since 2012.
Lignite emissions fell only 3% in 2018, and are now higher than hard coal emissions.
Businesses are clear that changes to the ETS benchmarks are needed – to facilitate low-carbon production methods, and eliminate perverse incentives to pollute.
The Clean Growth Strategy covers the whole economy – but reducing coal and gas in electricity generation is still where the bulk of the emissions cuts fall out to 2032