UK markets close in 5 hours 16 minutes
  • FTSE 100

    7,032.48
    -77.47 (-1.09%)
     
  • FTSE 250

    22,488.20
    -268.13 (-1.18%)
     
  • AIM

    1,183.28
    -7.23 (-0.61%)
     
  • GBP/EUR

    1.1750
    -0.0033 (-0.28%)
     
  • GBP/USD

    1.3347
    +0.0035 (+0.27%)
     
  • BTC-GBP

    42,821.52
    -336.61 (-0.78%)
     
  • CMC Crypto 200

    1,445.15
    +16.22 (+1.13%)
     
  • S&P 500

    4,655.27
    +60.65 (+1.32%)
     
  • DOW

    35,135.94
    +236.60 (+0.68%)
     
  • CRUDE OIL

    68.02
    -1.93 (-2.76%)
     
  • GOLD FUTURES

    1,797.80
    +12.60 (+0.71%)
     
  • NIKKEI 225

    27,821.76
    -462.16 (-1.63%)
     
  • HANG SENG

    23,475.26
    -376.98 (-1.58%)
     
  • DAX

    15,070.84
    -210.02 (-1.37%)
     
  • CAC 40

    6,693.72
    -82.53 (-1.22%)
     

Britain to auction 80.5 million carbon permits in 2022

FILE PHOTO: Sunset over Drax power station in North Yorkshire

LONDON (Reuters) - Britain will auction 80.5 million carbon permits it 2022 ICE, which is hosting the auctions, said in a market notice on Wednesday.

The auctions are part of Britain's emissions trading system (ETS), which charges emitters such as power plants and industrial factories for each tonne of carbon dioxide they emit.

The ETS is part of the country's plan to reach a net zero carbon emissions target by 2050.

(Reporting By Susanna Twidale; Editing by Alex Richardson)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting