Metals: Carbon Emissions
Commons · Question 20885 · Tabled 17 Dec 2024 · Treasury · Official record
Answered 13 Jan 2025
Question
Asked by Steve Witherden
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Carbon Border Adjustment Mechanism on foundry businesses (a) in Montgomeryshire and Glyndwr constituency and (b) nationally.
Answer
Answered by James Murray, 13 Jan 2025
The government will introduce the UK Carbon Border Adjustment Mechanism (CBAM) on 1 January 2027. The UK CBAM will ensure highly traded, carbon intensive products from overseas face a comparable carbon price to those produced here so that UK decarbonisati...