Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to ensure that high-emission industries contribute fairly to funding climate recovery and adaptation.

The UK Emissions Trading Scheme ensures that high-emitting sectors like power pay a fair price for the emissions they produce. ETS participants must buy allowances to cover their emissions, with revenues supporting government priorities including climate change mitigation and adaptation. The carbon price faced by businesses covered also drives them to invest in decarbonising their operations – over half say it has prompted them to invest in decarbonisation. We are expanding the scheme to the energy from waste and maritime sectors.