EU and UK Edge Closer to Post-Brexit Carbon Market Linkage Agreement
Source Summary
The European Union and United Kingdom are nearing a deal to link their carbon emissions trading systems following Britain's departure from the bloc. Such a linkage would allow the two markets to operate jointly, enabling companies to trade carbon credits across both jurisdictions. The agreement would represent a significant step in post-Brexit economic cooperation on climate policy.
Why it matters
A linked carbon market would reduce compliance costs for companies operating across both jurisdictions and strengthen climate policy coordination between the EU and UK after Brexit.
