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<p>The Government welcomed and noted the Commission’s report, which made recommendations
on a UK carbon border adjustment mechanism (CBAM) and the UK Emissions Trading Scheme
(UK ETS). In December 2023, the Government announced that it would implement a CBAM
by 2027 and consult further on this in 2024.</p><p> </p><p>In December 2023, the UK
ETS Authority launched consultations on the approach to both free allocation and market
policy, seeking views on how the Authority can best target support to industrial sectors
at risk of carbon leakage and on market stability mechanisms, including the design
of the cost containment mechanism.</p>
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