Question to the Department for Transport:

To ask the Secretary of State for Transport, what estimate has been made of the annual cost to ferry operators serving the Isle of Wight arising from inclusion in the UK Emissions Trading Scheme.

The expansion of the UK ETS to domestic maritime is designed to cut emissions and accelerate investment in cleaner vessels and technologies.

The Impact Assessment that accompanies the UK ETS Authority’s final response to the “UK Emissions Trading Scheme Scope Expansion: maritime sector” consultation, presents analysis on the overall cost of the UK ETS to shipping operators. The cost to each individual operator will depend on their level of emissions, whether they choose to invest in measures to reduce these emissions, and the carbon price trajectory over time. Costs for individual operators, including Isle of Wight services, will reflect their emissions profile, how quickly they adopt fuel saving or low carbon measures, and the trajectory of the carbon price over time.