In 2020, the UK government generated 1.35 billion British pounds in revenue from the EU emissions trading scheme (EU-ETS). This was an increase of more than 100 million British pounds compared to the previous year. The EU-ETS was set up in 2005, and was the world's first international emissions trading system. The UK Emissions Trading Scheme (UK ETS) went live on 1 January 2021, following the UK's exit from the EU.
Government revenue from the EU emissions trading scheme (EU-ETS) in the United Kingdom (UK) from 2009 to 2020*
(in million British pounds)
European Union Emissions Trading Scheme (EU-ETS) is the largest greenhouse gas emissions trading scheme in the world.
The source notes that all data are presented in current prices i.e. not adjusted for inflation.
The European Union emissions trading scheme was introduced in 2005. It is designed to help limit greenhouse gas emissions from heavy energy using installations by setting a cap on allowable greenhouse gas emissions from such installations. Companies with such installations receive or buy emissions allowances which they can trade with one another as needed. A limit on the total number of allowances available ensures they have a value. Each year a company must surrender enough emissions allowances to cover its emissions, otherwise fines are imposed. If a company reduces its emissions, it can keep spare allowances to cover its future needs or sell them to other companies. In January 2021, a UK version of the ETS replaced the EU scheme following the UK’s exit from the EU.
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Office for National Statistics (UK). (June 3, 2021). Government revenue from the EU emissions trading scheme (EU-ETS) in the United Kingdom (UK) from 2009 to 2020* (in million British pounds) [Graph]. In Statista. Retrieved January 17, 2022, from https://www.statista.com/statistics/491740/revenue-from-eu-emissions-trading-scheme-united-kingdom-uk/
Office for National Statistics (UK). "Government revenue from the EU emissions trading scheme (EU-ETS) in the United Kingdom (UK) from 2009 to 2020* (in million British pounds)." Chart. June 3, 2021. Statista. Accessed January 17, 2022. https://www.statista.com/statistics/491740/revenue-from-eu-emissions-trading-scheme-united-kingdom-uk/
Office for National Statistics (UK). (2021). Government revenue from the EU emissions trading scheme (EU-ETS) in the United Kingdom (UK) from 2009 to 2020* (in million British pounds). Statista. Statista Inc.. Accessed: January 17, 2022. https://www.statista.com/statistics/491740/revenue-from-eu-emissions-trading-scheme-united-kingdom-uk/
Office for National Statistics (UK). "Government Revenue from The Eu Emissions Trading Scheme (Eu-ets) in The United Kingdom (Uk) from 2009 to 2020* (in Million British Pounds)." Statista, Statista Inc., 3 Jun 2021, https://www.statista.com/statistics/491740/revenue-from-eu-emissions-trading-scheme-united-kingdom-uk/
Office for National Statistics (UK), Government revenue from the EU emissions trading scheme (EU-ETS) in the United Kingdom (UK) from 2009 to 2020* (in million British pounds) Statista, https://www.statista.com/statistics/491740/revenue-from-eu-emissions-trading-scheme-united-kingdom-uk/ (last visited January 17, 2022)
