Environment Protection: Taxation

HM Treasury written question – answered on 23rd June 2015.

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Photo of David Davies David Davies Chair, Welsh Affairs Committee, Chair, Welsh Affairs Committee

To ask Mr Chancellor of the Exchequer, what the trends in the (a) EU energy trading system price for carbon and (b) all-in UK carbon price, including the carbon price floor, were in the last six months.

Photo of Damian Hinds Damian Hinds The Exchequer Secretary

Rates of the UK-only carbon price are published on page A105 of the 2013 Budget's Overview Of Tax And Legislation

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/207419/022_fb20013_ootlar.pdf).

Budget 2014 announced a cap of the CPS rate at £18 per tonne of carbon between 2016/17 until the end of the decade, as shown on page A109 of the 2014 Budget’s Overview Of Tax And Legislation https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/294190/OOTLAR_19_March_2014__1_.pdf). Recent trends in the EU ETS carbon price can be found on the ICE Auction Platform’s Report Centre at https://www.theice.com/marketdata/reports/148

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