To ask the Secretary of State for Business, Energy and Industrial Strategy, when his Department plans to consult on aligning the UK Emissions Trading Scheme with a net zero consistent trajectory as set out in the Government's Net Zero Strategy.
Answered on
28 February 2022
The UK Government and Devolved Administrations have committed to reviewing and consulting on the UK ETS’s cap and setting a trajectory for it that is consistent with the Government’s emissions reduction commitments. The Government recognises that the UK ETS will play a key role in meeting net zero by 2050 and has set out its intention to align the cap with a net zero trajectory by no later than January 2024. As stated in the Net Zero Strategy, the UK ETS Authority will consult in the coming months on the trajectory for the scheme’s cap. The Government acknowledges both the updated advice of the Climate Change Committee, issued in June 2021, and the UK Government’s Net Zero Strategy.