Oral Answers to Questions

Sarah Olney Excerpts

Tuesday 10th February 2026 Commons Chamber

[Katie White]

I applaud my hon. Friend for all his ambition and championing of the opportunities that are presented in our low-carbon transition plan. Today’s announcement of the local power plan is a real opportunity to turn the dial on this issue, for local communities to become involved, and to make the best of the benefits of the low-carbon transition. I look forward to working with him further on it.

[Sarah Olney (Richmond Park) (LD)]

5. If he will update the UK emissions trading scheme to reflect the carbon abatement costs of major projects.

[The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)]

The carbon pricing emissions trading scheme is set by the market, rather than the Government. The price is effective at driving investment in carbon abatement measures, but it is for individual operators to decide whether the costs of abatement in a project are effective for them.

[Sarah Olney]

Last week the Government updated their carbon values to reflect their latest net zero emission target, but the UK emissions trading scheme does not take into account the updated figures. In 2021, it was predicted that carbon abatement for a third runway at Heathrow would cost £100 million, and costs will have only risen since. According to the emissions trading scheme, just 15% of the clean-up costs of expansion will be covered by Heathrow; the rest will fall on the taxpayer. Will the Minister update the UK emissions trading scheme to reflect the carbon abatement costs of major projects such as Heathrow expansion, so that the taxpayer can understand how much they will have to pay for a third runway?