EU Emissions Trading Scheme

Treasury written question – answered on 21st May 2019.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty's Government whether they intend to replicate the European Trading Scheme carbon emissions tax on companies in the event of a no-deal Brexit.

Photo of Lord Young of Cookham Lord Young of Cookham Lord in Waiting (HM Household) (Whip), Lords Spokesperson (Cabinet Office)

In the event that the UK leaves the EU ETS under a No Deal scenario, Government policy remains that we will implement a carbon emissions tax on an interim basis.

We are discussing with the Commission the implications of our exit from the EU for our future participation in the EU ETS.

A consultation on long-term carbon pricing once the UK has left the UK has now been launched.

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