Carbon Emissions: Taxation
(asked on 18th October 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to introduce a UK carbon border adjustment mechanism; and if he will make a statement.
This question was answered on 25th October 2023
The government has recently consulted on potential future measures to mitigate carbon leakage risks, including the potential for a UK Carbon Border Adjustment Mechanism (CBAM). The consultation received more than 160 responses from the UK and overseas, including responses from a range of industry sectors and from civil society. The government is considering the evidence to inform policy decisions and will respond in due course.