Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, with reference to her Department's press release of 3 July 2023 entitled Tighter limit on industrial, power and aviation emissions, as UK leads the way to net zero, what advice her Department (a) sought and (b) received on (i) the UK Emissions Trading Scheme cap and (ii) allowances available to the market from relevant stakeholders prior to that announcement.
The UK ETS Authority stated its intention to align the cap with net zero at scheme launch in 2021, and has consulted extensively since. The “Developing the UK ETS” consultation in 2022 included a range of trajectories for a cap consistent with the UK's climate targets. It received over 114 responses from market participants and relevant stakeholders, and also sought the Climate Change Committee's advice, who published their views within their 2022 Progress Report.