The UK government has proposed its new carbon pricing scheme to replace the European Emissions Trading System (ETS) upon the country’s split with the EU, as the Brexit deadline approaches. While this presented an opportunity for a reform to the country’s carbon pricing, the UK’s aim to maintain uninterrupted trade with Europe has meant that proposals have fallen short of any changes that will have any significant impact on carbon emissions. Announced on Monday, the plan follows a consultation of stakeholders in the UK’s ‘carbon market,’ with the plan putting forward a first phase from 2021 to 2030. The design of the system has aimed to allow it to operate as a standalone system, while also maintaining the preferential possibility…