Oral Question·Department for Energy Security and Net Zero
“What steps she is taking to increase nuclear energy capacity.”
Tabled: 26 March 2024Answered: 16 April 2024
Answering Minister
the Secretary of State for Energy Security and Net Zero
Answer from Hansard
The Exchequer Secretary to the Treasury (James Murray)
The UK carbon border adjustment mechanism will be introduced in 2027. It will ensure that imports face a carbon price that is comparable with domestic products, giving UK industry the confidence to invest without its decarbonisation efforts being undermined. UK steel producers will continue to benefit from high levels of free allowances in the UK emissions trading system until at least the end of 2026, protecting them against carbon leakage via high-emission imports.