Written Question·Treasury·UIN 192843
Carbon Emissions: Finance
Tabled: 6 July 2023
Answered: 11 July 2023
Question
Judith Cummins
Labour — Bradford South
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of hypothecating revenue from the UK Emissions Trading Scheme revenue for spending on (a) industrial decarbonisation R&D, (b) industrial decarbonisation proj
Answer
Gareth DaviesReceipts from the UK Emissions Trading Scheme (ETS) is not hypothecated towards specific projects. A floating carbon price means that revenue from the scheme is uncertain. Receipts currently help to fund public services including the Net Zero transition, ...
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