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Climate Change

I am grateful for the opportunity to comment on that point and I agree with my hon. Friend. The climate change levy has been a moderately useful instrument, but it does not do what it says on the label and we propose replacing it with a carbon levy that would reduce carbon emissions rather than being solely a tax on industry’s use of energy. Tax is not the only solution, as the hon. Member for Southampton, Test (Dr. Whitehead) points out. We also need carefully targeted regulation. I know that it is not conventional for Conservatives to talk positively about regulation, but I do so in the sure knowledge that progressive industry is crying out for clarity and new regulations that can unlock markets—