On the path to net zero the EU Commission and the UK Government are working towards linking the EU and the UK
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A larger integrated system supports decarbonization
EU Commission president Ursula von der Leyen: "Today we have decided to explore the UK participation in the EU's electricity market. It is good for the stability of energy flows. It is good for our common energy security. Because we know that a bigger market will also be good for lowering the energy prices and it will attract more private investment because of the regulatory stability and predictability. We need to tap into the vast potential that the North Sea offers, specifically for renewable, cheap and homegrown energy. In addition, we are both committed to leading by example on the path to net zero. And that is why we have also agreed to work towards linking our emission trading system. A larger integrated system is a big step forward in decarbonisation and creates a level playing-field."
Public consultation on EU ETS
EU Commission also launched a public consultation on the EU Emissions Trading System and the Market Stability Reserve ahead of their future reviews planned for 2026.
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