LONDON (Reuters) – The calendar for British carbon permit auctions in 2020 under the EU’s Emissions Trading System was released on Friday evening, exchange ICE’s website shows.
Britain will restart European Union carbon permit auctions on March 4, following a hiatus of more than a year due to uncertainty over Brexit.
Volumes will be auctioned according to the calendar published by ICE: here
Despite Britain’s departure from the European Union on Jan. 31 the country remains a member of Europe’s Emissions Trading System during the transition period until the end of the year.
This means its power stations, airlines and factories will still need to comply with regulations under the scheme which charges polluters for each tonne of carbon dioxide they emit.
Reporting by Nina Chestney; Editing by Kirsten Donovan