EU Emissions Trading Scheme: Carbon

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

Alert me about debates like this

Photo of Zac Goldsmith Zac Goldsmith Conservative, Richmond Park

To ask the Secretary of State for Energy and Climate Change what his policy is on the emissions cap in Phase III of the EU Emissions Trading Scheme.

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

The EU Emissions Trading System (EU ETS) was significantly revised as part of the EU Climate and Energy Package agreed by EU member states in 2008. The changes will take place from Phase III, which will run from 2013 to 2020, with a more ambitious, EU-wide cap on emissions. This will bring with it more emission reductions, more predictable market conditions and improved certainty for industry.

The Government support an EU move to a 30% emissions reduction target, and a significant part of this reduction should come from sectors covered by the EU ETS. An EU move to 30% would therefore mean a lower cap level, in turn delivering a higher carbon price which will stimulate investment in low carbon jobs and technologies, and help to put the EU and UK on track to meet 2050 emissions reduction targets.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.