Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the Government's position is on the negotiations on phase IV of the EU Emissions Trading Scheme; and if he will make a statement.
The Government’s position on the negotiations for Phase IV of the EU Emissions Trading System (EU ETS) has not changed. The UK continues to support: the proposed level of ambition, including preserving the integrity of the Market Stability Reserve; a secure, liquid carbon market; better targeted carbon leakage support through a tiered approach; reduced administrative burdens on operators, especially small emitters; and the cost-effective administration of funds, derived from the EU ETS, that support decarbonisation of industrial and energy sectors.