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<p>We have published the review of the UK Emissions Trading Scheme this week, available on gov.uk.</p><p> </p><p>In the UK ETS, sites at risk of carbon leakage are given a proportion of their allowances for free, helping manage the risk that UK businesses’ decarbonisation efforts could be undermined by higher-carbon imports.</p><p> </p><p>The scheme sets out rules around free allowances, including on their reduction and return where sites’ production and emissions levels decrease. We have published a consultation this week reviewing these rules, with proposals to ensure that surplus allowances are not retained by companies that have closed down in the UK.</p> |