Policy paper: UK Position on Phase IV of EU ETS

By HM Government

In reforming the EU ETS, the UK supports:

  • An EU ETS cap in line with the EU’s target of at least 40% domestic Greenhouse Gas emission reductions by 2030 from 1990 levels.
  • A secure, liquid carbon market.
  • Targeted, cost-effective and risk-based carbon leakage support.
  • The minimisation of administrative burdens on operators, especially small emitters.
  • Cost-effective administration of funds that support decarbonisation of the UK’s and EU’s industrial and energy sectors.

Source:: Policy paper: UK Position on Phase IV of EU ETS