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Climate Change: Emissions Trading

Volume 700: debated on Monday 31 March 2008

asked Her Majesty's Government:

When they intend to introduce the new carbon emissions trading schemes. [HL2599]

The carbon reduction commitment (CRC) is scheduled to begin operation in 2010. It is a mandatory emissions trading scheme that will cover around 5,000 public and private organisations, including government departments, retailers, banks and local authorities, which account for approximately 10 per cent of the UK economy's emissions.