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<p>The UK ETS Authority stated its intention to align the cap with net zero at scheme launch in 2021, and has consulted extensively since. The “Developing the UK ETS” consultation in 2022 included a range of trajectories for a cap consistent with the UK's climate targets. It received over 114 responses from market participants and relevant stakeholders, and also sought the Climate Change Committee's advice, who published their views within their 2022 Progress Report.</p> | ||