Skip to main content

Carbon Dioxide Reduction

Volume 461: debated on Thursday 21 June 2007

11. To ask the Secretary of State for Environment, Food and Rural Affairs what estimate he has made of the carbon price necessary to achieve the Government’s carbon dioxide reduction objectives. (144194)

The Government do not set or seek a particular price for carbon allowances under the EU Emissions Trading Scheme. As it is a Market Mechanism the Government believe it is the role of the market to establish the carbon price. The Government’s role is to ensure sufficient scarcity in the market and its proper functioning.