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EU Emissions Trading Scheme

Volume 483: debated on Tuesday 18 November 2008

To ask the Secretary of State for Energy and Climate Change what estimate he has made of the likely carbon price within the EU Emissions Trading Scheme traded sectors under (a) a 20 per cent. and (b) a 30 per cent. EU effort-sharing arrangement in 2020. (234112)

The Government do not comment on the future level of the carbon price. The European Commission has made an assessment of the potential level of the EU ETS carbon price under a 20 per cent. greenhouse gas reduction scenario as part of their impact assessment of the climate and energy package. Their modelling suggests a central price of around €43/tCO2 in 2020.