Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking with the Minister for Brexit Opportunities and Government Efficiency to ensure the UK Emissions Trading System supports the UK’s energy resilience.

On 25 March 2022, a UK ETS consultation was launched, fulfilling the Government’s commitment to align the scheme with the UK’s net zero ambitions and consulting on options to introduce the necessary changes to the scheme. In doing so, businesses will be given the confidence to invest in the transition to cheap, clean homegrown energy, which is significantly reducing reliance on fossil fuels and exposure to volatile oil and gas prices on global markets.