UK emissions trading link must not undercut EU carbon market: sources
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The European Union has refused to link its Emissions Trading System (EU ETS) to any new corresponding British scheme without guarantees that it would not undercut the bloc's carbon market, said diplomats and officials familiar with ongoing Brexit talks.
BRUSSELS (Reuters) -

The UK presented plans this month to launch its own emissions trading system from 2021 when Brexit materializes. Britain said its system could be linked to the EU ETS one "if it suits both sides' interests".

Connecting the two is part of troubled negotiations between London and the bloc on post-Brexit ties regarding issues including trade, security and climate.

"The EU's priority is making sure the EU-UK arrangement doesn't disrupt the functioning of the EU ETS," said an EU official.

Two other EU sources said the kind of CO2 trading link Switzerland has with the…
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