The UK ETS Authority has opened consultation on the expansion of the UK Emissions Trading Scheme (#UKETS) to energy from waste (#EfW) and waste incineration. Consultation closes on 18th July 2024. The consultation provides more details about how waste incineration and EfW will be included in the scheme from 2026 - for the Monitoring, Reporting and Verification (MRV) only period - with full surrender obligations applied from 2028. In the 2-year transitional phasing period (2026-2028) emissions will only be monitored, reported, and verified and there will be no obligation to purchase and surrender UK ETS allowances until 2028. This follows the UK Government’s commitment in the Net Zero Strategy to explore expanding the UK ETS to the two-thirds of uncovered emissions. It is hoped that expanding the scheme to new sectors and technologies will increase the scheme coverage, capture more emissions, and lead to positive decarbonisation outcomes for the sector. https://lnkd.in/ejC4f7D5 #Mayer #Consultancy #WasteIncineration
