After Brexit, the UK should aim to remain within the EU ETS. If that is not possible, the UK should implement a carbon tax rather than a standalone UK ETS.
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
A coalition of environment groups wrote to the Chancellor calling for a strong carbon price to keep coal emissions low.
A ‘No Deal’ Brexit will result in a major increase in coal burn. The UK needs a strong carbon price to ensure a smooth transition from coal to clean
The UK is already leading the world in phasing out coal, but National Grid’s Future Energy Scenarios show we can phase-out coal even earlier, by 2022
In the near term the UK grid will require some additional fossil peaking plant, which will work alongside batteries and DSR to ensure the lights stay on.