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Proceeding contribution from Lord Jenkin of Roding (Conservative) in the House of Lords on Thursday, 12 June 2008. It occurred during Debate on bill and Committee proceeding on Energy Bill.


Energy Bill

The Financial Times article to which I referred states that, "““the European Union's trading scheme today””—" that was a week ago— "““is just $43 … per tonne””," which is 27 euros. The headline to the article says that the IEA is arguing that if we are to achieve the CO2 reductions that are now being sought by 2050, that will have to rise to $200 a tonne, which will make it very expensive. We cannot get rid of CO2 without recognising that there are huge expenses. Would the noble Lord agree with that?


Secondary information

Type
Proceeding contribution
Reference
702 c297GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Decommissioning Carbon dioxide Carbon capture and storage Commercial secrets Licensing Inspections Environment protection Energy Industrial accidents EU emissions trading scheme Natural gas Offshore industry Storage Seas and oceans Carbon emissions
Legislation
Energy Bill 2007-08
Draft Marine Bill
Link
View this Proceeding contribution on www.publications.parliament.uk