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Oral question asked in the House of Commons, by Angela C Smith (Labour). It was answered by John Healey (Labour) on Thursday, 15 June 2006 on behalf of the Treasury.


Climate Change (Taxation)

Question
What recent assessment he has made of the impact of the climate change levy on carbon emissions.
Answer

The climate change levy is playing a crucial role in enabling the UK to meet its Kyoto targets. An independent valuation conducted recently by Cambridge Econometrics has examined the levy. It concluded that the levy would, by 2010, deliver annual carbon savings of 3.5 million tonnes. That is far in advance of the forecast of 2 million tonnes of carbon when we introduced the levy.


Secondary information

Type
Oral question
Reference
447 c886 
77542 
Session
2005-06
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Air pollution Climate change Climate change levy Carbon Pollution control Taxation
Link
View this Oral question on www.publications.parliament.uk