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Written question asked by Baroness Randerson (Liberal Democrat) on Thursday, 22 April 2021, in the House of Lords. It was due for an answer on Friday, 7 May 2021. It was answered by Lord Callanan (Conservative) on Thursday, 29 April 2021 on behalf of the Department for Business, Energy and Industrial Strategy.

OECD Countries

Question

To ask Her Majesty's Government what value is attributed to a tonne of carbon in the Treasury’s Green Book; and whether they intend to publish the equivalent figures for each of the OECD countries.

Answer

Valuing changes in greenhouse gases, including carbon, is vital to ensure climate change impacts are taken into account when appraising and evaluating public policies and projects. Carbon values used during policy appraisal are published as part of the Green Book supplementary guidance: valuation of energy use and greenhouse gas emissions for appraisal. A summary of the current carbon values for 2030, 2040, 2050 is given in the table below (the full annual series can be found in table 3 of the attached). The Government is not intending to publish equivalent figures for each of the OECD countries.

Table 1: HMG’s Carbon Values for policy appraisal

£ per tonne of CO2-equivalent (real 2018 prices)

Low

Central

High

2030

40

81

121

2040

78

156

234

2050

115

231

346

Secondary information

Type
Written question
Reference
HL15229
Session
2019-21
Attachment
HL15229 carbon data table
Subjects
OECD countries
Contains statistics
Yes
Link
View this Written question on www.parliament.uk