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The UK replaced the EU-ETS with an identical scheme : https://www.gov.uk/government/publications/participating-in-...

California has one as well. It's not nearly as tight as Europe's but they want to get to that point in the next few years.

Luckily folks are starting to realize that's not the case. [1]

> Centre for European Reform figures show that by the end of last year, the economy was 5% - or £31 billion - smaller than it would have been if the UK had stayed in the EU. [2]

[1] https://www.cnbc.com/2022/11/23/brits-are-starting-to-think-...

[2] https://www.itv.com/news/2022-06-09/brexit-cost-the-uk-billi...

I wonder whose businesses aren't going to be up to snuff, and how much local economies are going to earn from this.

Really makes one think if it is indeed suicide...

Yup, the EU aims to become irrelevant economically, not only politically & militarily. Probably to be a smaller target?

For whatever reasons including energy prices they're not doing particularly great either.