M
Member
Speaking in the House of Lords on 2 December 2024
Debate
Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2024Contribution
The expansion of the UK Emissions Trading Scheme’s scope to include methane from the upstream oil and gas sector is also being considered by the UK ETS Authority. We see this as a further incentive to reduce methane emissions from upstream oil and gas production by levying a carbon price on such emissions. In July 2023, the UK ETS Authority shared publicly in the government response to the developing the UK ETS consultation that this is under active consideration.
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