Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what his policy is on maintaining UK participation in EU Emissions Trading Scheme mechanisms after the transition period.

The UK has long been a leader in carbon pricing policy – introducing the world’s first multi-industry carbon trading system in 2002. Carbon pricing is a crucial tool in decarbonising energy and carbon intensive industries, as well as supporting our net zero greenhouse gas emissions by 2050 commitment.

Whatever our future relationship with the EU, we will seek to ensure that our future approach is at least as ambitious as the existing scheme and provide a smooth transition for the relevant sectors.