Association welcomes Commission for Carbon Competitiveness report
In response to the Commission for Carbon Competitiveness report, Fixing the Carbon Leak, CEO Elizabeth de Jong said:
“We welcome the Commission’s recommendations on ambitious new carbon policies to create a level playing field with importers from countries with less stringent environmental standards. Without these changes, investment in refineries vital to achieve the UK’s net zero targets will go overseas.
“We fully support the recommendations around the introduction of a well-designed Carbon Border Adjustment Mechanism (CBAM) as a vital step to ensure importers face equivalent costs for carbon emissions as UK manufacturers.
“Government also needs to introduce a package of financial support for decarbonisation projects that matches those offered to projects in the US, EU and other competitor countries. If not, we will see more imports of higher carbon fuels, which will increase overall global emissions. Failure to act would also lead to the loss of UK jobs and risk security of supply.”
See the Commissions full report here: Fixing the Carbon Leak