Asked by: Noah Law (Labour - St Austell and Newquay)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential economic impact of linking the UK and EU emissions trading schemes; and if he will make an assessment of the potential impact of linking UK and EU emissions trading schemes on (a) electricity prices, (b) energy bills, (c) carbon prices and (d) the economic climate for UK industrial investment.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
Under the terms of the Trade and Cooperation Agreement (TCA), the UK Government and EU agreed to give serious consideration to linking our respective carbon pricing schemes and to cooperate on carbon pricing. As part of our reset with the EU the Government continues to explore all options to improve trade and investment.