Question

To ask the Secretary of State for Energy and Climate Change, if she will make an assessment of the implications for her policies on climate change of the recently published report by the Carbon Pricing Leadership Coalition, entitled Executive Guide to Carbon Pricing Leadership.

The Government welcomes the report produced by the World Bank’s Carbon Pricing Leadership Coalition and its aim to encourage businesses to take up carbon pricing initiatives. The UK is strongly committed to carbon pricing as a policy tool to allow carbon emissions to be reduced at least cost. The Government has encouraged businesses to recognise the cost of carbon in decision-making by pressing for reforms to strengthen the EU Emissions Trading System as well as pursuing other market-based policy approaches. We also support other countries to develop pricing models through our international outreach and projects.