Subject	Predicate	Object
SjzV6BMU	a	Resource
		Answer
		Written answer
	answer has question	ICppqDS0
	answer has answering person	Gregory Barker
	answer text	<p>The UK supports urgent reform of the EU Emissions Trading Scheme (ETS) to address the surplus of allowances in the system, to align the cap with long term targets to reduce emissions 80% by 2050 and to strengthen the carbon price to provide a strong signal to stimulate low-carbon investment. These reforms will also ensure that London remains a global hub for carbon trading, as it is currently with around 90% the EU market based in London.</p>
	answer given date	2013-11-28
	answer has answering body	Department of Energy and Climate Change
	written answer has answering body	Department of Energy and Climate Change
Department of Energy and Climate Change	answering body has written answer	SjzV6BMU
Department of Energy and Climate Change	answering body has answer	SjzV6BMU
ICppqDS0	question has answer	SjzV6BMU
Gregory Barker	answering person has answer	SjzV6BMU