Greenhouse Gas Emissions: Imports and Exports

Part of Business, Energy and Industrial Strategy – in the House of Commons on 15th December 2020.

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Photo of Kwasi Kwarteng Kwasi Kwarteng The Minister of State, Department for Business, Energy and Industrial Strategy

The hon. Gentleman is right to point out that we do have to take into account the carbon emissions that we are responsible for through trade, but he will also recognise that this is part of an international movement. There is no country in the world, in the EU as well, that is properly accounting for carbon emissions in this way. I point out to him that we were the first G20 country to mandate disclosures under the TCFD—Task Force on Climate-related Financial Disclosures—framework across the economy, and we are leaders in terms of carbon accounting.