HMG Consultation: Addressing carbon leakage risk to support decarbonisation
Earlier today, the UK Government announced its Powering Up Britain – Net Zero Growth and Energy Security Plans that work to achieve our triple objectives of energy security, net zero and green growth. These ambitious plans to scale up affordable, clean, homegrown power and build thriving green industries in Britain will boost the country’s energy security and independence and maintain a world-leading position in achieving net zero.
Alongside the Powering Up Britain – Net Zero Growth Plan, UK Government has also published a consultation to explore domestic measures to mitigate carbon leakage risk.
The Addressing carbon leakage risk to support decarbonisation consultation considers a range of potential policy measures to mitigate carbon leakage risk in the future and ensure UK industry has the optimal policy environment to decarbonise. Potential policies include a carbon border adjustment mechanism (CBAM), mandatory product standards (MPS), and other policy measures to help grow the market for low carbon products, as well as embodied emissions reporting that could support the implementation of these policies.
The consultation will remain open until 22 June 2023, and further information can be found on the GOV.UK consultation page: www.gov.uk/government/consultations/addressing-carbon-leakage-risk-to-support-decarbonisation
Please find information on the following engagement event:
Addressing carbon leakage risk to support decarbonisation introductory session
Thursday 6 April 2023 at 10:00hrs
We are hosting a virtual introductory session which will provide an overview of the policy measures contained within the consultation, followed by a Q&A session with policy officials. If you would like to attend this event, please register using this link
How to respond to the consultation
Responses should be provided online at https://beisgovuk.citizenspace.com/trade/addressing-carbon-leakage-risk (preferred) or by email to carbonleakage.consultation@beis.gov.uk
When responding, please state whether you are responding as an individual or representing the views of an organisation.
Your response will be most useful if it is framed in direct response to the questions posed, though further comments and evidence are also welcome.
For any queries, please get in touch at carbonleakage.consultation@beis.gov.uk –. Please note this mailbox is owned by Department for Energy Security and Net Zero and we may share your email to HMT Treasury and other government partners, therefore any information which is received will not be treated as private unless this condition is stated in your email.
