Climate Change Bill [HL]

My Lords, I thank the Minister for that detailed and complicated answer, which will take a little studying to see how it all fits together. I was rather worried when I thought I understood the Minister to say that the regulations would not require participants to be approved, which might open the door to all sorts of things. It is certainly true that the UK Emissions Trading Scheme was a bottom-up scheme simply financed by the Government, and had nothing to do with the generation of carbon credits and allowing people to participate in a carbon credit scheme. If I am not mistaken, it was taken up by some very large interests. The joint implementation scheme I am talking about could encompass a lot of small programmes and small participants. I am reassured to learn that Part 2 allows for the generation of carbon credits if one of the schemes were to come in. I shall take this amendment away and see whether I need to bring it back at a later stage. In the mean time, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendments Nos. 186B to 186D not moved.] [Amendment No. 187 had been withdrawn from the Marshalled List.]