Carbon Emissions: Offsetting

Part of the debate – in the House of Lords at 2:45 pm on 19 June 2007.

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Photo of Lord Rooker Lord Rooker Minister of State (Sustainable Farming and Food), Department for Environment, Food and Rural Affairs, Minister of State (Department for Environment, Food and Rural Affairs) (Sustainable Farming and Food), The Minister of State, Northern Ireland Office, Deputy Leader of the House of Lords 2:45, 19 June 2007

My Lords, the noble Lord is justified to be sceptical, as have others in recent questions, particularly the noble Lord, Lord Lawson, to whom I apologise in his absence for being too dismissive of his last question to me about this. A degree of scepticism is justified on the current experience of this quite new operation. A lot of work is being done to ensure that the offsetting is additional—in other words, it would not have happened if it had not been for offsetting—to look at what is happening in the countries where it is taking place, and to look at the integrity of the schemes for offsetting. It is an unregulated market. Nevertheless, it is a growing market in which London is the centre.