Research and analysis

Functioning of the UK carbon market, 2023

A high-level summary of the performance of the UK Emissions Trading Scheme during the third scheme year of its operation.

• From: Department for Energy Security and Net Zero
• Published: 19 November 2024

Documents

Report on the functioning of the UK carbon market for 2023

PDF, 344 KB, 17 pages

Details

This report provides a high-level summary of the 2023 scheme year of operation, with data showing the performance of the UK ETS for the third year 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, 2021 and 2022.

Published 19 November 2024