Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the potential contribution to economic growth of decarbonising the maritime sector.

HM Treasury has not made an assessment.

In 2019 the Department for Transport published the Clean Maritime Plan, which identified the potential for clean economic growth in the UK as a result of the transition to zero emission shipping.

Alongside the Plan, the Department published an assessment of the value of potential economic opportunities from low and zero emission shipping. The assessment projected future global uptake of new technologies and estimated the supply chain and export opportunities for the UK from the transition to zero emission shipping.