EU ETS meaning

This timeline outlines key milestones concerning the UK measures that gave effect to recast Markets in Financial Instruments Directive 2014/65/EU (MiFID II) and Assimilated Regulation (EU) 600/2014 (UK MiFIR) (collectively, the UK’s MiFID II regime). For earlier events, see: Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)—timeline (2007–2023) [Archived]. For principal updates relating to the EU’s MiFID II regime, see: EU Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)—timeline. 2026 Date Source Document Description 28 January 2026 FCA Next steps for setting up a bond consolidated tape provider ETS: Knowledge Centre Timeline The Financial Conduct Authority (FCA) confirmed it has entered into a contract with Etrading Software (ETS) to provide the UK bond consolidated tape. The High Court removed a suspension on the contract award in December 2025, enabling the FCA to progress delivery of the tape while still actively contesting a legal challenge. The FCA states it will keep supporting ETS and market participants...

In this issue: Air emissions and climate change Contamination and pollution Energy efficiency and buildings Energy for environmental lawyers Environmental information Environmental taxes, reliefs and incentives ESG and sustainability Hazardous substances and chemicals Nature, biodiversity and habitat conservation Waste Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change Greenhouse Gas Removals (GGR)-UK government publishes Business Model documentation On 27 August 2025, the Department for Energy Security and Net Zero (DESNZ) released a suite of papers on its proposed Greenhouse Gas Removals (GGR) Business Model and accompanying policy. The Lexis+ Energy team, working with Navraj Singh Ghaleigh, Senior Lecturer in Climate Law at the University of Edinburgh Law School, set out the context for the GGR Business Model; its relationship with the Power BECCS Business Model; the technologies the GGR framework intends to encompass; its legal footing and principal features; and how...

In this issue: Air emissions and climate change Energy for environmental lawyers Environmental disputes and proceedings Environmental permits and consents Environmental taxes, reliefs and incentives ESG and sustainability Hazardous substances and chemicals Marine Nature, biodiversity and habitat conservation Waste Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change DESNZ releases quarterly waste data reporting template for the UK ETS. The Department for Energy Security and Net Zero (DESNZ) has issued a template for quarterly waste data submissions under the UK Emissions Trading Scheme (UK ETS). It is designed for waste operators to use when sending quarterly data reports to their regulator during the voluntary monitoring, reporting and verification (MRV) period. See: LNB News 19/02/2026 50. AFME responds to European Commission consultation on climate resilience legislative framework. The Association for Financial Markets in Europe (AFME) has provided...

In this issue: Electricity and gas market regulation and licensing Renewable energy Conventional power, waste to energy, biomass, and CHP projects Hydrogen, CCUS and emerging technologies Energy disputes Air emissions, efficiency, and climate change International energy LexTalk®Energy: a Lexis®Nexis community New and updated content Dates for your diary Trackers Energy resources on Lexis+® Daily and weekly news alerts Electricity and gas market regulation and licensing DESNZ confirms enduring governance for Smart Secure Electricity Systems DESNZ has issued its response to the 2025 consultation on enduring governance for the Smart Secure Electricity Systems (SSES) Programme, confirming that Elexon, through the Balancing and Settlement Code (BSC), will establish new Technical and Security Governance Groups to guide the technical and security frameworks that enable consumer-led flexibility. Using powers in section 245 of the Energy Act 2023, the government will amend the BSC so Elexon can run these groups as BSC Panel sub-committees and...

This Practice Note offers practical direction on the recently unveiled trade arrangement between the United Kingdom (UK) and the European Union (EU). Introduction On 19 May 2025, at the inaugural UK–EU Summit, the EU and UK revealed a new trade deal. Termed the Strategic Partnership, the arrangement is intended to build upon the Withdrawal Agreement, the UK–EU Trade and Cooperation Agreement and the Windsor Framework. For materials, see: For guidance on trade in goods under the UK–EU Trade and Cooperation Agreement, see Practice Note: Trade in goods under the UK–EU Trade and Cooperation Agreement. For guidance on trade in services under the UK–EU Trade and Cooperation Agreement, see Practice Note: Trade in services under the UK–EU TCA—an overview. For guidance on the Windsor Framework, see Practice Note: Joint Decision for Windsor Package to commence. The new deal is not yet finalised. Rather, the EU and UK have settled on a path for their negotiations towards a trade agreement. The...

ARCHIVED: This Practice Note has been archived and is not maintained. Overview The 2020 EU Climate and Energy package, agreed in 2007, set three principal targets for 2020: 20% reduction in greenhouse gas emissions against 1990 levels, with a 30% cut by 2020 conditional on a comprehensive international climate change agreement 20% of EU energy from renewable sources 20% improvement in energy efficiency At the March 2007 European Council, EU leaders committed to clear, legally binding objectives to confront climate change, secure sustainable and competitive energy, and make the EU economy a 21st‑century model of sustainable development. Europe signalled readiness to lead globally, reflecting firm resolve. The surest route to achieve such ambition was for each Member State to know precisely what was required, and for the aims to be binding in law so the levers of government could be fully mobilised and the private sector would have the long‑term confidence needed to justify the investment to transform the...

EU ETS content—overview This Practice Note summarises the principal elements of Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003, which established the greenhouse gas emission allowance trading scheme known as the EU Emissions Trading System (EU ETS) (formerly the EU emissions trading scheme), as it pertains to the aviation sector. It explains the application of the EU ETS to aviation activities, highlighting significant exclusions and derogations, and outlines the main responsibilities of aircraft operators, including monitoring, reporting and verification, alongside the mechanisms for auctioning, free allocation, and surrender of allowances. It also describes how the EU ETS aligns with the International Civil Aviation Organisation (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). For further practical guidance on different aspects of the EU emissions trading system, refer to these Practice Notes: EU Emissions Trading System (ETS)—outline EU Emissions Trading System (ETS) Phase IV—Directive 2003/87/EC EU Emissions Trading System (ETS) for maritime transport EU Emissions Trading System...