Carbon Pricing Experts Tell U.K. a Market Is Better Than a Tax

A carbon market linked with the European Union would be a more effective method of reducing pollution in the U.K. after Brexit than an emissions tax, experts on emissions pricing told the British parliament.

The remarks at a House of Commons committee on Thursday feed a debate that has split the U.K. government about how to ensure polluters pay for their emissions after the country leaves the European Union. The business department wants a new emissions-trading system to replace the one the U.K. will leave after Brexit while the Treasury prefers economy-wide carbon tax.

“I would opt for a linked ...