§ Lord Redesdaleasked Her Majesty's Government:
Whether they endorse the United Nations Conference on Trade and Development's proposal to introduce a worldwide market in carbon dioxide emission permits as the most cost-effective means of tackling global warming.
§ Viscount UllswaterMy department is aware that two papers have recently been published by UNCTAD on this subject and will study these with interest. However, no proposals along these lines have been put to the United Nations Framework Convention on Climate Change, which is the appropriate forum for international agreements on measures to control greenhouse gas emissions.