§ Malcolm BruceTo ask the Secretary of State for Environment, Food and Rural Affairs how she intends the UK Greenhouse Gas Emissions Trading Scheme 2002 will relate to the Clean Development Mechanism in the Kyoto Protocol. [48982]
§ Mr. Meacher[holding answer 15 April 2002]My right hon. Friend, the Secretary of State, intends to allow in principle companies within the UK Emissions Trading Scheme to use CDM related credits to help them meet their domestic obligations, and will make a final decision on the role of CDM credits within the scheme once the detailed rules on CDM have been agreed at international level. These rules are currently under discussion at the CDM Executive Board. We understand that the European Commission also intends to make a proposal on the project mechanisms, including the CDM, and their relationship to the European Emissions Trading Scheme early next year.