Environment committee  I have to say that I don't have responsibility for the EU ETS, so I'm afraid I can't speak in detail. But I think one of the lessons, which Vicki touched on as well, has been in terms of the cap that's set. I think, as we already heard, we've had some teething troubles in phase o

Environment committee  Can I perhaps respond to that first? First of all, as far as the U.K. is concerned, we feel the stance tells us we need to take action now. The economics tell us we can't afford not to. So we have to lead starting at home and influencing abroad, recognizing that global environmen

Environment committee  Thank you. Certainly the cap and trade scheme, through the EU ETS, has helped with that, although I think, as you heard from my testimony, the U.K. has actually been a net purchaser of credits. But again, as I said in my testimony, the U.K. has introduced a lot of measures over

Environment committee  Here in the U.K. all new regulations in Europe have to go through, as Vicki has mentioned, an impact assessment, and the impact assessment that would be required here would include an assessment of the costs of that policy as well.

Environment committee  Sure. The IPCC report has provided us with evidence that clarifies that urgent action needs to be taken. Even if all greenhouse gas emissions stop tomorrow, we're already locked into about a further 0.6% Celsius warming over the next few decades. If we don't soon review stated

Environment committee  Thank you very much, Mr. Chairman. I just want, first of all, to thank you for inviting me to set out the action being taken by the U.K. to tackle greenhouse gas emissions. I'd like to start by briefly outlining the U.K.'s goals for emission reductions and its current progress