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ARTICLE · 23 APRIL 2019

EU ETS Update

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On Friday 29 March the government issued the latest update to its "no deal" guidance on the EU Emissions Trading Scheme (ETS).

United KingdomGovernment, Public Sector

On Friday 29 March the government issued the latest update to its "no deal" guidance on the EU Emissions Trading Scheme (ETS). This reflected changes made to the deadline for surrendering EU allowances in respect of the 2018 compliance year in amending Regulations a week earlier – and just hours after the European Council extended the Article 50 Brexit deadline.

In the absence of Brexit, the normal surrender deadline would have been 30 April 2019. This was first brought forward (in 2017) to 15 March 2019, then (on 8 March 2019) pushed back to 26 March 2019. On 22 March 2019 it was re-set in a way that reflects the different possible Brexit outcomes contemplated in the European Council's decision.

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