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EU Emission Trading Scheme

Volume 503: debated on Thursday 7 January 2010

To ask the Chancellor of the Exchequer with reference to the projections in Table 2.9 of the Budget 2009, how much revenue he expects to come from the receipts from future phases of the EU Emissions Trading Scheme in each year to 2013-14; and if he will make a statement. (307279)

The pre-Budget report includes the most recent estimates for EU ETS receipts, based on the likely number of allowances and the secondary market price of carbon, in the ‘other taxes and Royalties’ line in Table 2.9 of the economy and public finances-supplementary material.

The pre-Budget report (p120) also noted that, to date, UK carbon auctions had raised over £350 million and that future revenue was set to rise to around £2 billion in 2013-14.