To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has for the use of Article 6.4 of the Paris Climate Change Agreement in any alternative scheme to the EU Emissions Trading System after the UK leaves the EU to allow international greenhouse gas mitigation projects to count towards UK emission reduction targets.
24 October 2018
The Government is considering all factors in relation to the UK’s future participation, or otherwise, in the EU Emissions Trading System (EU ETS), in consultation with stakeholders. A range of long-term alternatives are currently under consideration including continued participation in the EU ETS after 2020, a UK ETS (linked or standalone) or a carbon tax. We welcome input from stakeholders and we intend to share more details on policy design in due course.
More broadly, I can assure you that the Government is engaging closely in The United Nations Framework Convention on Climate Change (UNFCCC) negotiations on Article 6, to ensure the underlying rules, modalities and procedures support ambitious global action under the Paris Agreement.