Clause 16
Finance Bill
3:45 pm
Julia Goldsworthy (Shadow Chief Secretary To the Treasury, Treasury; Falmouth and Camborne, Liberal Democrat)
All the questions that the hon. Gentleman has raised are valid. I would like to underline the question of when we will get a sense of when the regulations will be produced. I note that the clause is limited in application to “Community tradeable emissions allowances”, but not specifically EU emissions trading schemes. That opens up the possibility of it being extended beyond Europe and beyond greenhouse gases. Given that it has that wider application, will we have to wait for more comprehensive regulations or will they be specifically limited to the EU, and when will we see them?