Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment she has made of the impact on the UK steel industry of the EU Carbon Border Adjustment Mechanism.
HM Government has committed to consult this spring on a range of policies that could potentially mitigate future carbon leakage risk. This includes a carbon border adjustment mechanism, as well as product standards and measures to grow the market for low emissions industrial products.
HM Government continues to monitor the development and detail of the EU Carbon Border Adjustment Mechanism, as its design and secondary EU legislation continues through the EU’s processes.