Decarbonisation Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
Lord Inglewood
Main Page: Lord Inglewood (Non-affiliated - Excepted Hereditary)Department Debates - View all Lord Inglewood's debates with the Department for Energy Security & Net Zero
(1 year, 4 months ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Callanan (Con)
My noble friend makes an important point. On all these policies, we have to make sure that we get the balance right between fulfilling our legally binding commitments and making sure we do not disadvantage consumers and drive up costs for ordinary men and women.
Lord Inglewood (Non-Afl)
My Lords, does the Minister agree that emissions trading schemes offer a very valuable opportunity for regions of both this country and elsewhere that are essentially rural and agricultural, away from centres of population and wealth at present, to generate an income that they desperately need to level up the living standards of people in these places to some kind of equivalence with the richer parts of the country?
Lord Callanan (Con)
I understand the point that my noble friend is making. A happy by-product for the Treasury of the emissions trading scheme is the considerable revenue that it generates, and I am sure that it is spending all this money very wisely.