British Steel
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the EU's Carbon Border Adjustment Mechanism on British Steel's export competitiveness during the period of special measures.
Answered by Chris McDonald
HMG regularly engages British Steel and wider industry to understand the impact of the EU CBAM. UK businesses may face administrative costs providing emissions data to EU importers to support their compliance with the EU CBAM. The cost of certificates for the carbon price liability of embedded emissions is borne by EU importers.
To support business readiness, the Department for Business and Trade has compiled a comprehensive package, including webinars and an explainer on business.gov.uk. The Government is also engaging with the European Commission on emissions trading scheme linking, which is expected to facilitate a mutual UK-EU CBAM exemption in due course.
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