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EU Emissions Trading Scheme

Trade and Industry written question – answered on 29th April 2004.

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Photo of Norman Baker Norman Baker Liberal Democrat, Lewes

To ask the Secretary of State for Trade and Industry what range of prices for carbon is being included in her Department's forward energy projections from 2005 onwards, with reference to the EU Emissions Trading Scheme.

Photo of Stephen Timms Stephen Timms Minister of State (e-Commerce & Competitiveness)

We have considered a range for the price of a carbon emission allowance from €5 per tonne to €25 per tonne of carbon dioxide (tCO 2 ) for our forward energy projections and other work related to the EU Emissions Trading Scheme (EU ETS). We expect the carbon price to be towards the lower end of the range. EU ETS carbon allowances are currently trading at about €7 per tonne of CO 2 , albeit on low sales volumes.

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