Britain to auction 80.5 million carbon permits in 2022

FILE PHOTO: Sunset over Drax power station in North Yorkshire

LONDON (Reuters) - Britain will auction 80.5 million carbon permits it 2022 ICE, which is hosting the auctions, said in a market notice on Wednesday.

The auctions are part of Britain's emissions trading system (ETS), which charges emitters such as power plants and industrial factories for each tonne of carbon dioxide they emit.

The ETS is part of the country's plan to reach a net zero carbon emissions target by 2050.

(Reporting By Susanna Twidale; Editing by Alex Richardson)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting