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EU Emissions Trading Scheme

Volume 476: debated on Monday 2 June 2008

To ask the Chancellor of the Exchequer to what uses the revenue from auctioning allowances under the EU Emissions Trading Scheme will be put. (207163)

[holding answer 22 May 2008]: The framework for future phases of EU ETS is 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.