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Climate Change Bill [Lords]

Does my hon. Friend agree that our concern is perhaps not so much with the level of the cap—I would prefer a high one—but about the quality of the credits that can be bought? There has been great debate about the quality of the clean development mechanism—CDM—credits that have been traded so far. Although I am very much in favour of a higher cap, I think that it is the job of an independent climate change committee to inform government about what it thinks is the quality of the credits that are available. There is no point saying that we will have a cap, and then spending 20 or 30 per cent. of the UK carbon account on useless credits.