UK Emissions Trading Scheme

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The UK Emissions trading scheme was developed as the world's first bid-in economy-wide greenhouse gas emission trading scheme and helped UK organisations gain experience at trading prior to the introduction of the EU ETS.

34 organisations ('direct participants' in the scheme) have voluntarily taken on a legally binding obligation to reduce their emissions against 1998-2000 levels, delivering over 4 million tonnes of additional CO2equivalent emission reductions in 2006.

The scheme is also open to the 6,000 companies with Climate Change Agreements. Climate Change Agreement companies can use the UK Emissions Trading Scheme either to buy allowances to meet their targets, or to sell any over-achievement of their targets.

To find out more please refer to UK Emissions Trading Scheme (DEFRA).