UK unveils plans for new Emissions Trading System
The UK government has unveiled proposals for a nationwide Emissions Trading System (ETS) to replace the current EU scheme.The new ETS – designed by the UK, Scottish and Welsh governments and Northern Ireland executive – will largely replicate the cap-and-trade EU system that Britain is set to leave at the end of the year
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Limiting global warming to 2°C above pre-industrial levels is now possible if all nations honour the climate pledges made at the Glasgow COP26 conference last year, a new study has found.
Dr Barbara Buchner, global managing director of Climate Policy Initiative, tells Chris Seekings about the urgent need to raise climate finance for developing nations, and how far we are from the US$100bn goal