UK-ETS carbon pricing in the United Kingdom 2022-2024
The price of emissions allowances (UKA) traded under the United Kingdom's Emissions Trading System (UK-ETS) dropped to a record low of 31.48 British pounds per metric ton of carbon dioxide on January 29, 2024. In comparison, the price of EU ETS allowances (EUA) were around 64 euros that same day.
The UK had previously participated in the EU-ETS, but replaced this system with the UK-ETS in 2021, following Brexit. In 2023, the UK-ETS generated revenue of 5.8 billion British pounds.