Energy Bill

Stories are circulating that the EU might announce tomorrow that there will be a renewables trading option, so that, for example, if we have a renewables target of 15 per cent. we may deliver less if we pay credits to over-achieving countries. Will my right hon. Friend set his face against such an arrangement? At present, our proportion of total renewable energy stands at 1.75 per cent. as against the EU average of 7 per cent. and we ought to have a better bottom line.