UK Emissions Trading Scheme: Ferries
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of UK ETS compliance costs on ferry fares for passengers and businesses, particularly those in the hospitality sector using the Isle of Wight route.
Answered by Martin McCluskey
The Impact Assessment does not identify significant consumer price impacts and finds that compliance costs for domestic maritime operators are modest relative to their overall operating costs, with fuel and carbon costs forming only one part of total running costs. These findings are consistent with international evidence showing changes to ferry ticket prices in the low single digit range under equivalent carbon pricing.
The Government will review the maritime element of the United Kingdom Emissions Trading Scheme in 2028 to ensure that its impacts remain accurate, proportionate and fully assessed as the sector continues to decarbonise.
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