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Climate Change and the Environment

Part of the debate – in the House of Commons at 1:52 pm on 8th February 2005.

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Photo of Margaret Beckett Margaret Beckett The Secretary of State for Environment, Food and Rural Affairs 1:52 pm, 8th February 2005

That is not entirely accurate. Forward trading is taking place, and no spot trading is taking place at the moment. I am sure that the hon. Gentleman will be able to explain this away, but I detect some inconsistency in the fact that the Conservatives prayed against the regulations that put in place the emissions trading scheme and have argued against our proposals for the national allocation plan, saying that they were too tough on British business. Having attacked us for being too tough on British business, when we went back to the Commission and said that we believed on the basis of further information that we should be allowed to amend our plan, as a great deal more information had come in since the provisional numbers—we said at the outset that they were provisional—were drawn up, he is now attacking us for wanting to make the change for which the Opposition called at the time.