First-year allowances and first-year tax credits

Part of Finance (No. 3) Bill – in a Public Bill Committee at 9:25 am on 4 December 2018.

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Photo of Clive Lewis Clive Lewis Shadow Minister (Treasury) 9:25, 4 December 2018

I thank the Minister for his patience. As I understand it, having requested an analysis from the Minister responsible for carbon budgets on whether the Government were going to take into account the recent evidence from the Intergovernmental Panel on Climate Change on the 1.5° warming, the fourth and fifth carbon budgets do not currently do that. I have been told that there will be no assessment of the 1.5° warming until after 2030 when the fifth carbon budget concludes. Was the Minister aware of that and will he comment on the fact that that could have a severe impact on our ability to be able to achieve the targets?