Clause 44
Climate Change Bill [Lords]
1:30 pm
Steve Webb (Shadow Secretary of State for the Environment, Environment, Food & Rural Affairs; Northavon, Liberal Democrat)
Will the Minister clarify whether the provisions apply only to sectors, broadly defined, that are outside the ETS? If they applied to people within the ETS, what would happen if they traded in the sectoral scheme, did well and built up credits? I want to know about that interaction.
The question takes us back to the debate about the domestic effort as against the international effort. Having a national cap or target means that if we do well domestically, we simply sell our surplus credit to somewhere else, so the aggregate across the EU will not fall. That seems to run counter to what we are trying to achieve through the sectoral scheme. Perhaps sectoral schemes should be non-EU ETS schemes.