The latest turmoil in the European Union Emissions Trading Scheme arising from Brexit presents a number of legal, strategic, tactical and political headaches for UK and European energy traders and risk managers.
The EU ETS aims to reduce EU CO2 emissions by imposing a cap on the amount of emissions that may be released by certain economic sectors, such as manufacturing and transport. By April 30 of each calendar year, liable companies have to report their verified emissions for the previous
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