Written question asked by Lord Berkeley (Labour), in the House of Lords. It was answered by Lord Marland (Conservative) on Monday, 13 December 2010.

Energy: Carbon Reduction Commitment

Question: To ask Her Majesty’s Government, further to the Written Answer by Lord Marland on 1 December (WA 456–7), whether their intention is for the price of carbon reduction commitment allowances to rise over time.

Answer: Decisions about allowance sales and price are a matter for the Budget process. As set out in the spending review 2010 policy costings document available on the Treasury websitel, the Government have assumed allowance prices of £12 per tonne of CO2 for 2011-12 and 2012-13 emissions and £16 per tonne of CO2 for 2013-14 and 2014-15 emissions in its public finance calculations. "¹ http://www.hm-treasury.gov.uk/ spend_sr2010_policycostings.htm"

Secondary information

Type: Written question
Reference: 4914; 723 c117WA
Session: 2010-12
Related items: Energy: Carbon Reduction Commitment
Wednesday, 1 December 2010
Written questions
House of Lords
Subjects: Allowances Prices Carbon reduction commitment energy efficiency scheme
Link: View this Written question on www.publications.parliament.uk