UK Emissions Trading Scheme: Shipping
The question
To ask the Secretary of State for Energy Security and Net Zero, whether the Department has updated its impact assessment of the maritime Emissions Trading Scheme extension in the light of recent changes in freight rates, fuel costs, and the global trade disruption.
Answered by Chris McDonald
The Government assessed the implications of extending the UK ETS to domestic maritime through a published Impact Assessment. This considered costs at sector level, including compliance, administrative and allowance purchase costs, and found a positive net present social value.
The Impact Assessment is kept under review. The Government continues to monitor market developments and the UK ETS Authority will review the effectiveness of the maritime regime in 2028, with further analysis undertaken as appropriate.
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