questionText: To ask the Secretary of State for Energy Security and Net Zero, whether any cost benefit analysis conducted by his Department on linking the UK Emissions Trading Scheme with the EU Emissions Trading Scheme assessed the potential impact of higher UK Allowance prices on UK industry and consumers as a result of price convergence.
answerText: The price of carbon allowances in the UK Emissions Trading Scheme is set by the market.As the conveners of the market the Government is not able to comment on current prices and price movements. Linking the UK ETS and EU ETS is expected to bring significa...
heading: Carbon Emissions: UK Relations with EU