Our high energy using industries are suffering badly. Carbon taxation by whatever name is especially high in the UK and the government has so far refused to lower it. I will continue to urge them to complete their review and respond more urgently to the cost crisis hitting these important businesses.
The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (75744):
Question:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will review the impact of the carbon tax on high energy usage industries in the UK. (75744)
Tabled on: 01 November 2022
Answer:
Graham Stuart:
There is not an explicit carbon tax on high energy use industry. The UK Government and Devolved Administrations operate a carbon pricing scheme, the UK Emissions Trading Scheme. A consultation on developing this Scheme, including a review of the free allocation of carbon allowances within the scheme to support energy intensive industries (EIIs) was launched earlier this year. The Government and Devolved Administrations will respond to that consultation in due course. The Government is committed to securing a competitive future for its EIIs, providing them with extensive support, including over £2 billion to help with the costs of energy and to protect jobs.
The answer was submitted on 09 Nov 2022 at 17:02.
November 12, 2022
Good morning – again.
Pardon me for saying, but wouldn’t it be far simpler not to policies deliberately designed to make energy more expensive in the first place ?
November 12, 2022
Correct – Our government needs to remove the burden of these extra net-zero taxes ….the Emmission Trading Scheme (tax) is a con
November 13, 2022
I walked back home today through the park seeking what shade was left under the trees because otherwise it was too hot.
This is on the thirteenth of November.
November 13, 2022
Were you in a foreign country?
Still the IPCC data shows a 1.4 degree increase in global average temperatures since 1885
You are talking about weather NHL
November 12, 2022
“Answer:
Graham Stuart:
There is not an explicit carbon tax on high energy use industry.”
No, they are clobbering every aspect of industry in the UK with their moronic Net Zero policies and the UK Emissions Trading Scheme.
It isn’t just high energy use industry which can’t afford it, no part of our economy can, particularly retailers on the High Street. I am lucky enough to live in a small town which still has a decent proportion of independent shops. They are closing one-by-one – driven out of business due, in no small part, to the economy-wrecking policies of the Nut Jobs in Government.
November 12, 2022
Yes and look at the hospitality industry. Pubs shutting down everywhere. The only hotels that will be staying open are those with illegal immigrants paid for ironically by us. We won’t be able to afford a hotel but we can afford to put illegal immigrants up in them. They must be laughing their heads off when they watch the news and see how angry we all are. They have nice warm rooms and are fed. I bet the poorer in society would love to swap places.
November 12, 2022
The UK Emissions Trading Scheme is a con, a con perpetrated by the EU Emissions Trading Scheme and following the instructions of the UN Emissions trading, as set out in Article 17 of the Kyoto Protocol – https://unfccc.int/process/the-kyoto-protocol/mechanisms/emissions-trading
Paying a body or government to continue business is a bribe and planting a virtual tree somewhere in the Amazon basin is a con
November 12, 2022
‘will respond in due course’
Don’t hold your breath.
November 12, 2022
It is your party, and the leader of your party and our PM, which is pursuing a policy of ZERO, the effect of which will be to impoverish us and destroy our country. Your criticism of them is welcome and correct but as long as you retain your obsessive parry loyalty it is just ‘armchair’ opposition and can be ignored.
The collapse of more manufacturing, which they do not seem to wish to prevent here, will help Sunak and the other global Socialists in government to achieve ZERO, and they will enter the world hall of fame and riches. We, the ordinary people will find heat and food in short supply with much else, and they will expect us to do as we are ordered.
November 12, 2022
Agree – and price of petrol at £1.66p per litre compared with last year £1.44p and pre covid £1.12p
November 12, 2022
The current plan calls for 25 fortnightly auctions of 3,154,500 UKA allowances next year, a total of some 78.8 million. Current UKA prices have fallen back from earlier highs of £100/tCO2e to £75tCO2e or slightly less. So the direct tax impact is now slightly below £6bn, as markets anticipate reduced industrial activity due to recession, unprofitable operations because of high energy prices, and even closures that could lead to unneeded allowances being offered in the secondary market.
However, the impact on industry is not merely for its own direct use of fossil fuels. At current prices some £25/MWh is being added to electricity prices across the board because of the impact on gas generators. That adds some £7bn (plus VAT) to electricity costs overall, adding to the costs of the various energy cap schemes.
At the moment a further collapse in UKA prices would merely signal severe damage to industry. It could be suspended to help preserve jobs and the taxes they generate.