Context
The question arises in the context of recommendations made by the Commission for Carbon Competitiveness regarding a carbon border adjustment mechanism.
Question
If he will make an estimate of the potential impact of a carbon border adjustment mechanism in the form recommended by the Commission for Carbon Competitiveness on fuel duty.
Answer from Gareth Davies
The Government have announced that they will implement a CBAM from January 2027. The UK CBAM will place a carbon price on some of the most emissions-intensive industrial goods imported to the UK and will ensure that the UK's decarbonisation efforts lead to a true reduction in global emissions, rather than simply displacing carbon emissions overseas. The delivery of a CBAM will be the subject of further consultation in 2024.
Not addressed: The specific ask about the impact on fuel duty was not addressed.
How: Further Consultation In 2024
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