Simon Wright
Main Page: Simon Wright (Liberal Democrat - Norwich South)(10 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
Mr Davey
No, it does not, because of the actions of this Government. The fact that we have made the announcements we have on the capacity market will ensure that the supply is there. If we had not made those announcements, there was a danger that wholesale prices would go up and peak at times of low margins, hitting consumers. The fact that we have taken action shows that we are on the consumer’s side.
Simon Wright (Norwich South) (LD)
20. What the Government’s preferred options are for structural reform of the EU emissions trading system.
The Minister of State, Department of Energy and Climate Change (Gregory Barker)
The UK supports urgent reform of the EU ETS including through cancellation of an ambitious volume of surplus allowances. We are also examining other options to deliver our climate goals.
Simon Wright
I thank the Minister for that response and I strongly welcome the role the UK played in securing a positive vote in favour of backloading in the European Parliament last week. May I urge Ministers to ensure that the UK continues to show strong leadership in strengthening the ETS and tackling the enormous over-supply of allowances?
Gregory Barker
I can assure my hon. Friend that that is exactly what we are doing, and we will continue to press for a higher level of ambition in Europe on a 2020 target as well.