32. Mr. Alan W. Williams
To ask the Secretary of State for the Environment, Transport and the Regions if he will make a statement on the role of emissions trading in limiting global carbon dioxide emissions. 
§ Mr. Meacher
The Kyoto agreement was an historic achievement—setting legally binding emission targets for developed countries for the first time. The agreement also provides for international emissions trading to help countries meet these challenging targets. I believe that this system will help countries meet their commitments cost-effectively, with real environmental benefits. Since June last year, the Government have been working with business to develop a trading scheme in the UK, as part of our strategy for meeting our climate change commitments.