My Lords, my noble friend Lord Campbell-Savours gave the analogy of the Monetary Policy Committee, but that is not applicable. Before the Monetary Policy Committee was set up there was a public debate, not just here but across the world, about central bank independence. A lot of us did not agree with it but there was a debate at least for 20 years. Inflation was a danger, and a central bank had an instrument to control inflation—a dubious one perhaps, but it had an instrument. The analogy does not apply because the committee has no instrument to control carbon emissions. It can set a budget but it cannot enforce anything. I would rather we leave it to the Government, although it is imperfect, because you cannot avoid politicisation and I would rather the Government be politicised than an expert committee.
Climate Change Bill [HL]
Proceeding contribution from
Lord Desai
(Labour)
in the House of Lords on Tuesday, 11 March 2008.
It occurred during Debate on bills on Climate Change Bill [HL].
Type
Proceeding contribution
Reference
699 c1459 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
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Timestamp
2023-12-16 00:02:10 +0000
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