questionText: To ask the Secretary of State for Energy Security and Net Zero, with reference to her Department's press release of 3 July 2023 entitled Tighter limit on industrial, power and aviation emissions, as the UK leads the way to net zero, what assessment she has made of the potential impact of changes to the number of Emissions Trading Scheme allowances available to the market on (a) the carbon price, (b) likelihood of meeting de-carbonisation targets and (c) future trade with the EU.
answerText: In July the Government published reforms to the UK Emissions Trading Scheme (ETS) to ensure it supports the delivery of net zero by 2050. These include a 30% reduction of the UK ETS cap, limiting the volume of greenhouse gases covered sectors can emit. As...
heading: Carbon Emissions