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.