Brexit decision left UK firms paying 10% more than EU rivals for emissions

Government refusal to link carbon market to EU's has led to higher cost for British businesses

British businesses are paying substantially more to produce carbon dioxide than their EU rivals because of the government's refusal to link the UK carbon market to the bigger European market after Brexit.

The difference is putting UK industry at a significant competitive disadvantage to European rivals, at a time of soaring energy prices, but does not result in any additional benefit to the environment.