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Carbon tax

The UK government is consulting, along with the devolved administrations, on a new UK carbon pricing scheme that would be employed in the event the UK could not take part in the EU’s Emissions Trading Scheme (EU ETS) after Brexit.

The consultation reiterates that a linked UK ETS is the preferred carbon pricing option, because it allows:

access to a larger market

increased abatement opportunities

more cost-effective emissions reductions for UK businesses

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