§ Mr. ChaytorTo ask the Chancellor of the Exchequer what assessment he has made of the advantages of introducing additional tax incentives to help the Government achieve their target under the Kyoto Protocol. [48975]
§ Dawn PrimaroloThe Government plan to consult later this summer on policy options for delivering its legally-binding target under the Kyoto Protocol, and for moving beyond that towards its domestic aim of a 20 per cent. cut in carbon dioxide emissions on 1990 levels by 2010. Within industry, the Government believe that economic instruments may offer the potential to achieve greenhouse gas reductions cost-effectively. The Chancellor has asked Sir Colin Marshall, assisted by a Government Task Force, to consider whether and, if so, how best to use economic instruments—such as an industrial energy tax and/or other market mechanisms—to improve the business use of energy and to help reduce emissions of greenhouse gases from this sector.