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EU Emissions Trading Scheme

Volume 475: debated on Wednesday 14 May 2008

To ask the Chancellor of the Exchequer what plans the Government have for the use of revenues received by the UK from the auctioning of emission allowances in future phases of the European emissions trading scheme. (204967)

The framework for future phases of EU ETS are currently under discussion and as such no structure for auctioning in future phases has been decided. The revised EU ETS directive is due to be finalised later this year.

Any revenue raised through the use of auctioning would be considered part of general revenue streams, and the spending review process ensures that resources are allocated efficiently to deliver Government objectives.