Oral Question·Department for Energy Security and Net Zero
“If he will update the UK Emissions Trading Scheme to reflect the carbon abatement costs of major projects.”
Tabled: 4 February 2026Answered: 10 February 2026
Asked by
Sarah Olney
Liberal Democrat — Richmond Park
Answering Minister
the Secretary of State for Energy Security and Net Zero
Answer from Hansard
The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)
The carbon pricing emissions trading scheme is set by the market, rather than the Government. The price is effective at driving investment in carbon abatement measures, but it is for individual operators to decide whether the costs of abatement in a project are effective for them.