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EU Emissions Trading Scheme

Volume 506: debated on Friday 5 March 2010

To ask the Secretary of State for Energy and Climate Change what estimate he has made of the price per tonne of carbon in the EU Emissions Trading Scheme in (a) 2012 and (b) 2015. (320574)

[holding answer 4 March 2010]: DECC publishes estimated values of the EU allowance price for use in appraising savings from policies that reduce emissions in the sectors covered by the EU Emissions Trading System.

The current valuation of EU allowances for 2012 provides a range between £13 and £28 with a central value of £22. In 2015 the forecast is a range between £13 and £29 with a central value of £23. These values assume an EU 20 per cent. reduction on 1990 emissions, and do not factor in the potential for a higher EU target.

The current published values have not incorporated the impact of the economic recession. Revised values are being prepared and will be published shortly.