Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what assessment they have made of how UK maritime decarbonisation efforts will be impacted by the expansion of the Emissions Trading Scheme to maritime.
The inclusion of the maritime sector in the UK ETS will, in combination with other enabling policies, strengthen the effectiveness of the scheme in incentivising investment in decarbonisation across the covered sectors.
Specifically, the scheme provides a clear price signal that supports investment in cleaner vessels, operational efficiency and emerging low carbon fuels.
The policy is expected to deliver a net reduction of approximately 645,000 tonnes of carbon dioxide equivalent over the next 20 years.