- NEW: Members of both Westminster and European Parliaments join the UK energy industry in urging Theresa May to clarify her post-Brexit environmental policy.
- As things stand, over 1,400 industrial sites across the UK participate in the Emissions Trading Scheme (ETS) — the EU's programme for tackling harmful carbon emissions.
- British businesses across a wide range of sectors export carbon-based goods on ETS rules.
- The ETS has also given financial support to British businesses which are outdated and struggling financially.
- The UK government still has not clarified its plans for the ETS.
- "We need an urgent decision on whether we continue participating in the EU Emissions Trading Scheme," the chief executive of a leading energy group tells Business Insider.
BRUSSELS — Theresa May has been urged to clarify her post-Brexit environmental policy amid increasing concern that nearly 1,500 industrial sites owned by businesses across the United Kingdom face a cliff-edge scenario.
MPs, MEPs and industry leaders have called on the UK government to confirm whether it wants to keep Britain in the Emissions Trading Scheme (ETS) — the EU-wide programme for tackling carbon emissions — after Brexit.
See the rest of the story at Business Insider
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See Also:
- Labour says Theresa May's 'rash, reckless and ideological red lines' are trashing Brexit negotiations
- The Brexit vote has already wiped £440 million a week from Britain's economy
- EU and Ireland issue Irish border Brexit warning to Theresa May: 'There isn't much time left'
SEE ALSO: Jeremy Corbyn under more pressure to back second Brexit referendum
from Business Insider https://ift.tt/2Mwflou
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