| answer text |
<p>The government is continuing to assess the potential impact of the EU carbon border
adjustment mechanism (CBAM) on UK businesses, including the steel industry, and is
engaging with UK businesses on this.</p><p> </p><p>As the UK has an ambitious carbon
pricing system through our Emissions Trading Scheme (ETS) and Carbon Price Support
mechanism, we expect the EU CBAM to take account of this in its implementation.</p><p>
</p><p>Full details of the EU CBAM will be known when the EU adopt the required implementing
and delegated acts. UK officials are continuing to closely monitor this process and
are waiting to see these before building a full understanding of potential impacts
on UK businesses.</p>
|
 |
