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Climate Change Bill [Lords]

Clearly, we would look to push that down in the future, with the advent of technology. However, until we have the CCS technology on-stream, we would not wish to push it lower. That figure is a sensible middle course between the most ambitious target and the Government's target, which is—unfortunately—the least ambitious. Our EPS policy is clearly defined, transparent, non-discriminatory and verifiable. It would guarantee equality of access for EU electricity companies to national consumers. In his 2006 review, Lord Stern said:"““Carbon pricing alone will not be sufficient to reduce emissions on the scale and pace needed…Effective action on the scale required to tackle climate change requires a widespread shift to new or improved technology in key sectors such as power generation, transport and energy use””." It is the opinion of pro bono legal advocate Client Earth, in its submission to the Department for Business, Enterprise and Regulatory Reform carbon capture and storage consultation in 2008 that the Government's description of CCS readiness is a"““a vague and meaningless definition that does not create effective incentives or requirements for private sector energy companies to make the necessary investments that are required””."