Ministers' plans for carbon pricing and Brexit

The EU Energy and Environment Sub-Committee takes evidence on Wednesday 27 February at 11.00am

Metadata
Provider: 
UK ParliamentUK Parliament
URL: 
http://www.parliament.uk/business/committees/committees-a-z/lords-select/eu-energy-environment-subcommittee/news-parliament-2017/minister-plans-carbon-pricing-brexit/http://www.parliament.uk/business/committees/committees-a-z/lords-select/eu-energy-environment-subcommittee/news-parliament-2017/minister-plans-carbon-pricing-brexit/
Retrieved on: 
Tuesday, February 26, 2019
Information
Tags: 
Climate change policy, Emissions trading, Global warming, Carbon finance, Climate change, Environmental policy, European Union Emission Trading Scheme, Brexit, Robert Jenrick, Exchequer Secretary to the Treasury, ETS, European Union
Summary
Key Points: 
  • The EU Energy and Environment Sub-Committee asks Minister the Rt Hon Claire Perry MP and Exchequer Secretary to the Treasury Robert Jenrick MP about what Brexit means for carbon pricing in both a deal and 'no deal' scenario.
  • One of the main carbon pricing mechanisms in the UK is the EU Emissions Trading Scheme, but it's likely that we will withdraw from the EU ETS when we leave the EU.
  • In a 'deal' situation, the Government hopes to create a domestic emissions trading scheme and link it to the EU ETS.
  • In a 'no deal' situation, the Government intends to implement a Carbon Emissions Tax.
Copyright: 
2019 UK Parliament. All Rights Reserved.