UK plans 16 pound a ton carbon tax to replace EU ETS market

A no-deal Brexit could give a discount to domestic greenhouse-gas polluters, as the UK's proposed carbon tax would shield emitters from prices fluctuation in the European Trading System.

Photo: AP Photo/Frank Augstein/Ritzau Scanpix

By Bloomberg News, Mathew Carr

UK greenhouse-gas polluters may see their costs for emitting carbon dioxide limited if the nation crashes out of the European Union without an agreement.

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