On 16 May, the Financial Secretary to the Treasury issued a statement detailing that the government is considering domestic action to ensure the integrity of UK action to reduce its carbon emissions against carbon leakage. Carbon leakage is defined as the displacement of production, and associated emissions, from one jurisdiction to another, due to different levels of carbon pricing and climate regulation across those jurisdictions. The government states it is exploring a range of policies that could potentially mitigate future carbon leakage risk, including policies to grow the market for low emissions industrial products. The government expects to consult later in the year on various carbon leakage mitigation options, including on whether measures such as product standards and a carbon border adjustment mechanism (CBAM) could be appropriate.