Iron and Steel: Carbon Emissions
(asked on 24th May 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of a carbon border adjustment mechanism on the domestic steel industry.
This question was answered on 6th June 2023
The government is currently consulting on potential future measures to mitigate carbon leakage risks, including the potential for a UK Carbon Border Adjustment Mechanism (CBAM). The consultation is currently open, and the government is seeking a wide range of stakeholder views before taking any decisions. The government will respond to the consultation in due course.