There has been plenty of technical debate over the years about the best way to put a price on carbon emissions. Some favour a carbon tax while others favour emissions trading systems. There are arguments on both sides. However if Government is serious about Net Zero, it must implement a UK Emissions Trading System in 2021.
The UK’s withdrawal from the EU Emissions Trading System and the implementation of a UK
Emissions Trading System (ETS) provides the UK with a historic opportunity to improve the
economy-wide coherence of incentives to reduce emissions and achieve Net Zero by 2050.