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<p>Under the terms of the Withdrawal Agreement after the UK leaves the EU on 29 March
2019, the UK’s participation in the EU Emissions Trading System (EU ETS) will continue
until the end of the Implementation Period. This aligns with the end of Phase III
(December 2020) of the EU ETS.</p><p>The Political Declaration sets out that the UK
and the EU have agreed to consider cooperating on carbon pricing through linking a
UK national greenhouse gas emissions trading system with the EU ETS. The details of
these arrangements will be a matter for the next phase of the negotiations. The Government
will consult on our future approach to carbon pricing in due course.</p><p>In the
event that the UK leaves without a deal in 2019, the UK would cease to participate
in the EU ETS. To ensure stability and to meet the UK’s legally binding carbon reduction
commitments under the Climate Change Act, a Carbon Emissions Tax would be introduced
from 1 April 2019.</p><p>The Government is committed to tackling climate change. We
are making strong progress towards our legally binding targets established in the
world-leading Climate Change Act. Between 1990 and 2017, the UK reduced its greenhouse
gas emissions by over 40% while growing the economy by more than two thirds - the
best performance in the G7 on a per person basis.</p><p>We recognise the need to go
further and the Clean Growth Strategy sets out our plans through to 2032, to build
on our successes to date. It includes ambitious proposals on housing, business, transport,
the natural environment and green finance.</p>
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