Written Question·Treasury·UIN 20885
Metals: Carbon Emissions
Tabled: 17 December 2024
Answered: 13 January 2025
Named DayQuestion
Steve Witherden
Labour — Montgomeryshire and Glyndŵr
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Carbon Border Adjustment Mechanism on foundry businesses (a) in Montgomeryshire and Glyndwr constituency and (b) nationally.
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 so that UK decarbonisati...
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