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Climate Change

My Lords, the noble Lord has described exactly what has happened in some parts of the world in recent years. Countries have been pillaged environmentally because there has been no international agreement about what happens to their resources. I cannot say any more about what would happen as regards the effects of taxation, because they will be matters for the Chancellor of the Exchequer. He commissioned this report, so it is self-evident that there are issues beyond the environment, including social, cultural, energy and conservation issues, as well as the economic issues of climate change, that, clearly, the Treasury will take into account.