To ask His Majesty's Government what assumptions they use for internal modelling purposes for traded carbon values in each year up to 2030.
Answered on
27 December 2024
The Department for Energy Security and Net Zero’s (DESNZ) traded carbon values for modelling purposes are used to estimate the financial cost of purchasing allowances in the United Kingdom Emissions Trading Scheme (UK ETS) under different scenarios. These values are owned by DESNZ and not by the UK ETS Authority which governs the UK ETS.
The most recent set of traded carbon values for modelling purposes, for 2024, were published on the Government’s website on 17th December 2024 and are attached. The assumptions are listed on the publication.
Answered by
Department for Energy Security and Net Zero