Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has plans to delay the compliance deadline for the 2021 UK ETS scheme, to allow the proposed consultation on free allowances time to conclude.
UK Emissions Trading Scheme legislation establishes the legal requirement that the annual deadline for surrendering allowances is 30 April. This deadline is not discretionary and will not be delayed. Through both free allocation and auctions, a total of 194m allowances will have been released before the compliance deadline on 30 April, meaning that the UK ETS is well supplied to meet compliance demand.