Lord Berkeley
Main Page: Lord Berkeley (Labour - Life peer)(13 years, 9 months ago)
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Lord Marland
As I said earlier, my Lords, the reality is that we have a pretty tried-and-tested system. We should not be complacent, but there is no point in going backwards in reviewing things. I want to look forward in our review to make sure that in the current environment we have an even more secure process. For your Lordships’ information, BarCap, one of the major traders in this scheme, has said that this is the best scheme in Europe. That is a very good starting point for us.
Lord Berkeley
My Lords, do the Government have any plans, with the European Union, to widen this scheme to other industries as part of their commitment, which I assume is still there, to reducing the carbon emissions in this country by 80 per cent by 2050?
Lord Marland
The short answer, obviously, is yes. As I referenced earlier, the airline industry—as the noble Lord will know as an expert in the transport field—will join it in 2012. We must look further to reduce our greenhouse gas problem.