Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of imposing taxes on polluting goods to tackle climate change.
The Government has legislated to amend its long-term greenhouse gas emissions target to reach net zero by 2050.
The Government has a number of policies in place to tax polluting goods in order to tackle climate change. These include the Carbon Price Support rate, a tax on fossil fuels used in power generation, and the Climate Change Levy, a tax on businesses’ consumption of gas, electricity and solid fuels.