I refer my hon. Friend to the answer given by the Minister for Science and Innovation on 15 January 2007, Official Report, column 807W.
DEFRA acts as co-ordinator for the cross-Whitehall Government Carbon Offsetting Fund (GCOF). In August 2006 an open Official Journal of the European Union tender was issued for a company to deliver the emission reductions required to fulfil Government’s carbon offsetting requirements via the GCOF. The tender specified that the following offsetting project criteria were required:
1. All offsetting projects are Clean Development Mechanism (CDM) projects
2. Project activities are limited to small-scale renewable energy and or energy efficiency projects
3. All projects have strong sustainable development benefits. These include environmental, social, economic and technological benefits.
The GCOF tender also required:
1. Delivery of 255,000 Certified Emission Reductions (CERs) by April 2009, with a delayed option to purchase a further 50,000.
2. A price per CER fixed for the duration of the contract.
The tendering process concluded with the selection of EEA Fund Management, announced on 28 December 2006.