Climate Change Bill [HL]

I speak along the same lines as the noble Lord on the Opposition Front Bench. This would strike at the very heart of the idea of getting emissions reductions where they are most effective and most cost-effective, driving a cart and horses through the whole idea of trading and lease cost. I am presuming what the outcome is, effectively, for example, in the EU Emissions Trading Scheme. It would mean that every country in Europe would have to achieve the same level of reduction, even if that is nonsense—as it is indeed, even though the noble Lord shakes his head. If everybody in Europe agreed, there would be no net trading between the member states. Regardless of the position and circumstances of each country, they would all have to achieve the same reduction. That simply cannot make sense. It will, over time, be clear that some countries, some parts of countries and some industries will be able to secure improvements in reductions better than others.