According to UK government article published on March 30, 2023, the government published an exploratory consultation considering a range of potential policy measures to mitigate carbon leakage risk in the future and ensure UK industry has the optimal policy environment to decarbonise. Potential policies include a carbon border adjustment mechanism (CBAM), mandatory product standards (MPS), and other policy measures to help grow the market for low carbon products, as well as emissions reporting which could support the implementation of potential mitigation policies.
Responses should be provided online (preferred) or by email to:
carbonleakage.consultation@beis.gov.uk.
Audience
This consultation is open to all interested parties both in the UK and internationally, but we anticipate it will be of particular interest to:
- Companies and representatives from industry and business including trade associations;
- Importers and exporters of products, including small and medium-sized enterprises, supply chain businesses, software houses and customs agents;
- International partners and multinational groups;
- Financial Reporting and Enterprise Resource Planning System providers;
- Companies and representatives in all other sectors with an interest in climate policy, including academia, thinktanks, cross-sector groups, and non-governmental organisations;
- Private citizens.
