To ask the Chancellor of the Exchequer, what steps her Department plans to take to help ensure that the carbon border adjustment mechanism will support a reduction in carbon leakage in all the sectors in scope of the legislation.
The carbon border adjustment mechanism (CBAM) will be introduced on 1 January 2027 to address the risk of carbon leakage. Carbon leakage occurs when production and associated emissions shift from one country to another due to different levels of decarboni...
Carbon Emissions: Taxation