Written Question·Treasury·UIN 14552
Carbon Emissions: Taxation
Tabled: 15 November 2024
Answered: 21 November 2024
Named DayQuestion
Henry Tufnell
Labour — Mid and South Pembrokeshire
To ask the Chancellor of the Exchequer, how much her Department expects to raise from the introduction of a Carbon Border Adjustment Mechanism in (a) 2027, (b) 2028, (c) 2029 and (d) 2030.
Answer
James MurrayThe government will introduce the UK Carbon Border Adjustment Mechanism (CBAM) on 1 January 2027.The UK CBAM will ensure highly traded, carbon intensive products from overseas face a comparable carbon price to those produced here, making sure that UK deca...
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