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United Kingdom · Question · Written question

HL HL1367

Carbon Emissions: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

19 December 2023

Last action

21 December 2023 · Answer

Status

Answered

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Subjects

Taxation

Source updated

21 December 2023

Taxation

Summary

To ask His Majesty's Government what steps they are taking to ensure that the new carbon import levy scheduled for 2027 (1) balances the protection of domestic businesses against cheaper imports; and (2) fosters international cooperation to address global

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Timeline

  1. 19 December 2023

    Written question

    To ask His Majesty's Government what steps they are taking to ensure that the new carbon import levy scheduled for 2027 (1) balances the protection of domestic businesses against cheaper imports; and (2) fosters international cooperation to address global

    Source: Lords

  2. 21 December 2023

    Answer

    The purpose of the UK Carbon Border Adjustment Mechanism (CBAM) is to mitigate the risk of carbon leakage; the movement of production and associated emissions from one country to another due to different levels of decarbonisation effort through carbon pri...

    Source: Written answer

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