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Brexit Threatens Europe’s Carbon Price Rebound

June 25, 2019

Changes to the European Union’s Emissions Trading System (ETS) this year have breathed new life into the formerly lackluster scheme. But buoyant carbon pricing, which is credited with hastening the demise of coal plants, is endangered by Brexit.

If the U.K. leaves the European Union without a deal, as seems increasingly likely given Westminster’s repeated failures to agree on separation terms with Brussels, then British carbon permits would flood back into the EU and dampen ETS prices.

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