UK proposes expansion of Emissions Trading Scheme to maritime sector

The UK Emissions Trading Scheme (ETS) Authority is consulting on expanding the ETS to include the maritime sector and recognise non-pipeline transport methods for carbon dioxide, such as shipping, road or rail, for moving captured carbon into geological storage.

In an announcement published on 28 November, the authority also said it would be making changes to remove excess free allowances from businesses who cease activity in their final year of operation to ensure that their free allocation is proportionate to their activity levels.