Source · Select Committees · Environmental Audit Committee
Recommendation 11
11
Paragraph: 70
The Government has committed to ensuring businesses do not face any unreasonable barriers to trade;...
Conclusion
The Government has committed to ensuring businesses do not face any unreasonable barriers to trade; further detail would be welcome on how it plans to work with stakeholders in the EU and UK to achieve this. Given that electricity generators in 48 Greening imports: a UK carbon border approach Northern Ireland are under the scope of the EU ETS, it will be important to work with stakeholders to understand how this might interact with the UK CBAM and wider carbon border approach.
Paragraph Reference:
70
Government Response
Acknowledged
HM Government
Acknowledged
We are actively engaging with the EU on their CBAM proposals through formal channels, such as our UK Mission to Brussels, and informal channels, as we do on other elements of the international tax and trade agendas. The UK has ambitious carbon pricing through our emissions trading scheme and Carbon Price Support mechanism. We expect the EU CBAM to take account of this in its implementation. We will continue to engage with stakeholders and monitor developments closely so we can build a full understanding of the implication of the EU CBAM on the UK’s trading relationship with the EU, including with respect to Northern Ireland.