Research and analysis

Functioning of the UK carbon market, 2021 and 2022

A high-level summary of the performance of the UK Emissions Trading Scheme during the first and second scheme years of its operation.

• From: Department for Energy Security and Net Zero
• Published: 27 July 2023

Documents

Functioning of the UK carbon market for 2021 and 2022: a joint report from the UK ETS Authority

PDF, 379 KB, 19 pages

Details

This report provides a high-level summary of the 2021 and 2022 scheme years of operation, with data showing the performance of the UK ETS for the first 2 years of the scheme, covering:

• UK ETS infrastructure
• UK ETS participants (installations and aviation)
• functioning of the carbon market (supply of allowances, free allocation and auctions)
• the Cost Containment Mechanism
• market oversight
• high-level compliance data

See the Functioning of the UK carbon market, 2023.

Published 27 July 2023