§ Mr. BercowTo ask the Chancellor of the Exchequer what is the forecast cost of the Carbon Trust over(a) the present and (b) the subsequent three financial years. [20471]
§ Mr. MeacherI have been asked to reply.
The Carbon Trust's first year funding from Government and the devolved Administrations is expected to be around £50 million, from Climate Change Levy receipts and the Government's Energy Efficiency Best Practice Programme.
For the following two years it is anticipated that the Trust will continue to receive funding of around £50 million per year from the Government and devolved Administrations subject to relevant parliamentary approvals. The forecast funding of the Carbon Trust beyond this time is subject to the outcome of forthcoming Spending Reviews.