MINISTERS AND MEPS MAY SCRAP BRITISH-HELD ETS EMISSIONS PERMITS AHEAD OF BREXIT
November 1st, 2017
EUROPEAN Union (EU) member states and the European Parliament may decertify EU emissions trading system (ETS) allowances held by British companies from January 1, 2018, to protect the integrity of the ETS from a possible hard Brexit.
An amendment to ETS rules has been proposed by German Christian Democrat MEP Peter Liese, who is concerned UK energy, transport and other businesses will dump their allowances on the market, if it looks like the British government may fail to negotiate a transitional agreement over quitting the EU.
With the Brexit date of March 29, ...
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