Ministers' plans for carbon pricing and Brexit
27 February 2019
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.
Wednesday 27 February in Committee Room 2, Palace of Westminster
Rt Hon Claire Perry MP, Minister of State for Energy and Clean Growth, Department for Business, Energy and Industrial Strategy
Dan Osgood, Director, Heat & Emissions Trading, Department for Business, Energy and Industrial Strategy
Anne-Therese Farmer, Deputy Director, Energy and Transport Tax, HM Treasury
Robert Jenrick MP, Exchequer Secretary to the Treasury
Areas of discussion
Carbon pricing is designed to reduce greenhouse gas emissions by increasing the cost of emitting them. 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. The Committee will be asking the Minister and the Exchequer Secretary to the Treasury to discuss both of these possibilities in more detail.
Likely areas of questioning include:
Whether a domestic emissions trading scheme could be set up in time
What a 'link' with the EU ETS would mean for the UK
How the proposed Tax rate was calculated
The views of the devolved administrations
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