Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much the Government (a) collected in carbon taxes and (b) provided in subsidies to energy intensive industries in last 12 months.

Although not a carbon tax, the Emissions Trading Scheme (ETS) was introduced in January 2021, setting a cap on the total amount of greenhouse gas emissions that can be emitted by the sectors it covers. In 2022 it raised around £6 billion, though amounts can vary and in previous years this has been lower - such as around £1 billion in 2021-22.

The value of relief provided to eligible companies under Energy Intensive Industries (EII) schemes for financial year 2021-22 is just over £541 million. This is the most recent period for which full data is available.