Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will set out in pounds per tonne of Carbon what estimate he has made of the total carbon price in pounds per tonne in the years 2018 to 2025.
The Total Carbon Price is currently made up of the EU Emissions Trading Scheme Price and the Carbon Price Support. In 2014, the Carbon Price Support was frozen at £18 per tonne of carbon from 2016/17 until 2020. In 2016, the Chancellor announced that the Carbon Price Support for 2020/21 will be uplifted with RPI. In Autumn Budget 2017, the Chancellor announced that the Total Carbon Price would be maintained similar to its current level until unabated coal is no longer used.