What is EU Emissions Trading System – EU ETS?

The European Union Emission Trading Scheme (EU ETS) is the first and largest emission trading system to date, for reducing GHG (greenhouse gas) emissions. The EU ETS cover more than 11,000 power stations and industrial plants in 31 countries, and flights between airports of participating countries. It is structured as a ‘cap-and-trade’ system that allows trading of emission allowances so that the total emissions of the installations and aircraft operators stays within the cap and the least-cost measures can be taken up to reduce emissions.

What is Swiss Emissions Trading Scheme – Swiss ETS?

Swiss ETS is a cap-and-trade system designed largely in accordance with the same principles and rules governing its bigger brother the EU Emissions Trading System. It regulates a total of 56 CO2-intensive companies from the cement, chemicals and pharmaceuticals, refineries, steel, paper, district heating and other sectors. The newest addition to Swiss ETS are carbon emissions from certain aircraft movements.

What is UK Emissions Trading System – UK ETS?

The UK Emission Trading Scheme (ETS) is a cap-and-trade system run by the government to reduce greenhouse gas emissions. It replaces the European Union Emissions Trading System (EU ETS) from 1 January 2021 onward and regulates emissions from UK power stations, industrial plants, and aviation. UK ETS was created to fill the void EU ETS left following the UK’s withdrawal from the European Union. In terms of design and how the system works, UK ETS mostly resembles EU ETS.