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EU Emissions Trading Scheme

Department for Business, Energy and Industrial Strategy written question – answered on 26th October 2017.

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Photo of Baroness Hayter of Kentish Town Baroness Hayter of Kentish Town Shadow Spokesperson (Business, Energy and Industrial Strategy), Shadow Spokesperson (Exiting the European Union), Shadow Deputy Leader of the House of Lords

To ask Her Majesty's Government what assessment they have made of the impact on UK operators covered by the EU Emissions Trading System if the UK were to exit the EU Emissions Trading System before the end of phase 3 of the system in 2020.

Photo of Baroness Hayter of Kentish Town Baroness Hayter of Kentish Town Shadow Spokesperson (Business, Energy and Industrial Strategy), Shadow Spokesperson (Exiting the European Union), Shadow Deputy Leader of the House of Lords

To ask Her Majesty's Government what steps they are taking to avoid penalties for non-compliance being levied against UK operators in the event that the UK exits the EU Emissions Trading System before the end of phase 3 of the system in 2020.

Photo of Lord Prior of Brampton Lord Prior of Brampton Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government is considering carefully the potential impacts of a wide range of EU Exit scenarios relating to the EU ETS, both on the system itself and on UK operators covered by the system. This includes consideration of the risks that a mid-Phase exit of the EU ETS could present for UK operators.

To ensure a smooth transition and avoid a cliff edge on withdrawal, the UK has proposed to the EU an implementation period of about two years where we would continue to have access to each other’s markets on current terms. We are calling for this to be agreed as early as possible to provide clarity.

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