Treasury written question – answered on 21st May 2019.
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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.
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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