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Budget Resolutions and Economic Situation

The hon. Gentleman makes an extremely important point. We cannot solve the problem domestically. The kind of initiatives that we have taken with the G8, which was extended to include Brazil, China, India and other developing countries, are continuing under the Russian presidency of the G8. The hon. Gentleman asks what steps I have taken. At the EU-China summit last year when the UK had the presidency, one of the important objectives of our trip to China was to begin to share with China some of the clean coal technology, such as carbon capture and carbon storage. It is crucial that we do not use the emerging carbon sequestration technologies only in Europe, and that we share our scientific lead with China and India.