Britain to auction 80.5 million carbon permits in 2022 -Breaking
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© Reuters. FILE PHOTO: Drax Power Station is photographed during sunset at Drax in North Yorkshire, Britain on November 27, 2020. REUTERS/Lee Smith/File photoLONDON – Britain is set to auction 80.5 Million carbon permits 2022 ICE.
Auctions are part the UK’s Emission Trading System (ETS), which charges carbon dioxide emitters, such as industrial factories and power plants for each tonne they emit.
This ETS forms part of the nation’s goal to achieve a net zero carbon emission target for 2050.
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