Environment Protection: Taxation

Treasury written question – answered on 23rd October 2018.

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Photo of Baroness Brown of Cambridge Baroness Brown of Cambridge Crossbench

To ask Her Majesty's Government whether they intend to maintain the Carbon Price Support rates, set in the 2016 Budget, for the period through to 2020–21; and how their policy in the area relates to the Total Carbon Price, established in the Autumn Budget 2017.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

The government announced at Spring Budget 2016 that the Carbon Price Support rates would remain at £18/tCO2 in 2019-20 and then be uprated by RPI in 2020-21.

At Autumn Budget 2017, the government stated that the Total Carbon Price - currently made up of the Carbon Price Support Rate and the EU Emissions Trading System - was set at the right level and that the government would continue to target a similar price.

All taxes are kept under review and any changes to the Carbon Price Support rates, and therefore the Total Carbon Price, will be made at fiscal events in the usual way.

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