Carbon market faces Brexit deal or no-deal conundrum

Brexit uncertainty leaves carbon market and climate policy hanging fire

In only a matter of weeks, the United Kingdom is scheduled to leave the EU. The political atmosphere in London has reached fever pitch, while European partners await a decision from the UK regarding the terms under which it intends to quit the bloc. Of the hundreds of EU-wide policy areas that stand to be thrown into turmoil by a no-deal outcome, it is climate policy that has arguably the greatest potential to highlight an isolated UK. While politicians and economists talk of adopting WTO standards for trade and negotiating free-trade agreements to replace those lost by leaving the EU, there is no such remedy or replacement in the offing for climate. The UK will have to go it alone. This wil