EU Emissions Trading Scheme: Carbon

Energy and Climate Change written question – answered on 1st November 2010.

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Photo of Alan Whitehead Alan Whitehead Labour, Southampton, Test

To ask the Secretary of State for Energy and Climate Change what estimate he has made of the price of carbon under the EU Emissions Trading Scheme in each of the next five years.

Photo of Gregory Barker Gregory Barker The Minister of State, Department of Energy and Climate Change

The following prices were published in June 2010, with estimates of the short-term traded price of carbon to be used for Government policy appraisals available at:

http://www.decc.gov.uk/assets/decc/what%20we%20do/a%20low%20carbon%20uk/carbon%20valuation/1_20100610131858_e_@@_carbonvalues.pdf

Traded
£2009/tCO 2 Low Central High
2010 7.3 14.1 17.8
2011 7.4 14.3 18.1
2012 7.5 14.5 18.3
2013 7.6 14.7 18.6
2014 7.7 14.9 18.9
2015 7.9 15.1 19.2

These prices should not be seen as forecasts; rather they are estimates of the price given the current targets in the EU emissions trading scheme. Moving to a tighter target would result in higher prices.

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