The Role of Carbon Markets Inquiry Home Page

Environmental Audit Committee

Inquiry into: The role of carbon markets in preventing dangerous climate change

Date of announcement: 28 January 2009

The main contact for this inquiry is Gordon Clarke, Clerk of the Committee. Tel: 020 7219 0248

This inquiry will examine the role of emissions trading in delivering the kinds of emissions reductions required to stabilise greenhouse gases at a 'safe' level.

The inquiry will consider:

€ the progress made in Phase II of the EU Emissions Trading Scheme, and prospects for Phase III;

€ the development of emissions trading€”both cap-and-trade and offset schemes€”in other countries (principally the United States), and the practicalities of linking them together; and

€ the principles that should govern the relationship of emissions trading to UK carbon budgets (notably how the use of credits should be accounted for in national emissions figures).

Terms of Reference

Please note oral evidence is now concluded

Written Evidence received

Oral Evidence transcripts

Webcasting of oral evidence sessions from

31 March 2009
21 April 2009
28 April 2009
12 May 2009
2 June 2009


Government Response (published as Command Paper Cm 7933)