Climate Change Bill [HL]

I was interested to hear interviews with the Secretary of State in Bali at the weekend because he endorsed an earlier amendment of my noble friend Lady Miller when she said that by the time we get to 2050, the 60 per cent reduction should be completely UK. The Secretary of State said that we are bold in the United Kingdom—I paraphrase that but it is what he said. We are putting through legislation that will ensure that Britain reduces its carbon emissions by 60 per cent on a statutory basis. That is what he said, but that is not what the Bill does. I wish it did but it does not. Because of international trading and the concept of a carbon account, we can get to 2050 and under certain circumstances not have reduced our carbon emissions at all. In fact, under certain circumstances, we could reach the 2050 target but miss it because we had been selling credits because our industry had decarbonised so much.