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United Kingdom: UK ETS Authority releases an additional allowance for emitter sectors for a smooth transition to net zero

Description

On 3 July 2023, the UK Emissions Trading Scheme Authority (UK ETS Authority) announced a package of reforms setting new limits on emissions in energy-intensive industries, and power and aviation secto...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2024

Revocation date

31 Dec 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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