Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the future of the Emissions Trading Scheme.

The UK Emissions Trading Scheme (ETS) puts the market at the heart of the Government’s net zero strategy. Last year’s Developing the UK ETS consultation considered improvements to the scheme, including aligning the cap to net zero and expansion to new economic sectors. The ETS Authority will publish a response in due course. In the Net Zero Growth Plan, the Government also accepted the Independent Review of Net Zero recommendation that it set out a long-term pathway for the ETS, including its intention to continue the scheme beyond 2030 until at least 2050, and committed do so later this year.