Brexit and UK climate policy
Vivid Economics sets out options for UK carbon pricing policy after Brexit, and how they can be assessed against principles. Following the House of Commons Business, Energy and Industrial Strategy Committee recommendation (released on 2 May) that
“(…) the Government seeks to retain membership of the EU ETS until at least end of Phase III in 2020, and that it seeks to negotiate longer term membership of the EU ETS on the condition of commitment to future reform.. (…) If sufficient reforms to the EU ETS do not appear achievable, we recommend that the Government considers alternative options, such as establishing a separate UK system linked with wider international schemes.“
Vivid Economics lays out alternative options under ‘soft’ and ‘hard’ Brexit scenarios, and what their relative strength and weaknesses are. Please find our publication here
Our experts are working on global carbon pricing ranking from lessons from establishing carbon pricing to what markets could look like – and how they could link – under the Article 6 of the Paris Agreement.