Climate Change Bill [HL]

My Lords, this amendment makes complete sense, as the noble Lord, Lord Taylor, has said. Whether we are the fourth or the sixth largest economy in the world—it depends on how one counts comparative purchase power—the non-EU ETS sector is some 48 per cent of our economy. I remind the House that everyone is very clear that we do not want a rigid, five-year sectoral planning system that harks back to the failed days of the Soviet Union. We are talking about greater transparency in how the Committee on Climate Change and the Government will make their decisions, and how they might affect individual sectors, which is useful for tracking progress and whether the targets are being met. It is much too large to do that in just two sectors—the EU ETS and, I presume, the carbon reduction commitment sector, and the rest of the economy. I am assuming here also, and I shall be interested in the Minister’s response, that due to the detailed level of reporting in emissions trading schemes—both the European one and the proposed CRC—there will be a natural breakdown available of that 52 per cent to 60 per cent of the economy. Certainly, as the noble Lord, Lord Taylor, has said, it would be very strange if we had one figure just for the remaining 40 per cent. We are talking about understanding these issues and movements in a great deal more detail.