FILE PHOTO: Steam and smoke billow from the Ratcliffe-on-Soar coal-fired power station near Nottingham, Britain, December 1, 2017. REUTERS/Hannah McKay/File Photo
LONDON (Reuters) – A British tax on carbon dioxide (CO2) emissions from power stations and factories would begin on Nov. 4 if the country leaves the European Union without a deal on Oct. 31, the UK government said.
The tax, set at 16 pounds a tonne for 2019, would replace levies under the European Emissions Trading System (ETS), which Britain would automatically leave under a no-deal scenario.
Britain is the second-largest emitter of greenhouse gases in Europe and its utilities and industry are among the largest buyers of permits in Europe’s ETS, which charges power plants and factories for every tonne of carbon dioxide (CO2) they emit.
All current UK operators of stationary installations participating in the ETS would be set an emissions allowance for the