Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much he forecasts will accrue to the Exchequer from (a) the Carbon Price Floor and (b) the EU Emissions Trading Scheme in each of the next six years.
Table B.3 of the Chancellor of the Exchequer’s Autumn Statement 2014 sets out forecasts for Exchequer revenue from the Climate Change Levy and from EU Emissions Trading System auction receipts for each year up to financial year 2019/20. Receipts accruing from the Carbon Price Floor are incorporated within the Climate Change Levy revenue forecast. Both forecasts are shown in the table below.
14/15 | 15/16 | 16/17 | 17/18 | 18/19 | 19/20 | |
Climate Change Levy (£bn) | 1.7 | 2.1 | 2.0 | 1.8 | 1.7 | 1.6 |
EU ETS auction receipts (£bn) | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.6 |