Insights

On November 28, 2024 the UK government launched a consultation on expanding the scope of the UK Emissions Trading Scheme to include the maritime sector from 2026.

Increased government ambition, tighter regulations, greater corporate sustainability commitments, and the outcome of the international COP process will demand serious net zero action from large-scale organisations over the next decade and beyond.

We are fast approaching the “extended” allowance surrender deadline (30 September 2024) for meeting 2023 EU ETS compliance.

In the UK and across Europe, Tim Atkinson and his award-winning team are playing a pivotal role in the decarbonisation of major industries as part of the carbon compliance team at CFP Energy, having traded over 100m carbon allowances in the past three years alone.

The ETS2 will introduce monitoring, reporting and verification (MRV) requirements starting in 2025 and become fully operational in 2027, with allowances to be purchased and surrendered by 2028 for each tonne of CO₂ emitted through fuel usage.

Following a successful year, CFP Energy is delighted to have been voted a winner in the Environmental Finance Environmental Market Rankings 2023-2024. CFP Energy were voted as winners in two awards, and runner-up in a further two.

On 30th January the EU Commission adopted the most recent draft of the delegated act amending the free allocation regulation to the EU ETS. The regulation will adjust free allocations from this year.