Treasury - Fourth Report
Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 15 January 2008.
CONTENTS
Terms of Reference
REPORT
1 INTRODUCTION
Previous work by the Treasury Committee
Relevant work by other select committees
2 THE ECONOMICS OF THE STERN
REVIEW
Overall analysis of the Stern Review
Key findings of the Stern Review
The international nature of the climate change
problem
Criticisms of the Stern Review
The independence of the Stern Review
Discount rates
Relying on adaptation
3 THE GOVERNMENT'S APPROACH
TO REDUCING EMISSIONS
Coordinating climate change policy
Seven tests for better regulation
HM Treasury's role and the regulatory mix
4 EMISSIONS TRADING SCHEMES
Theoretical considerations
European Union Emission Trading Scheme
Challenges for the EU ETS
Successes of the EU ETS
Moving to a global emissions trading scheme
Inclusion of airlines in the EU ETS
Problems with including aviation
Eco-labelling
5 ENVIRONMENTAL TAXES
The rationale for environmental taxation
Problems with environmental taxes
The Government's Statement of Intent on Environmental
Taxation
Defining environmental taxes
Progress against the Statement
Conclusions
Hypothecation of tax revenues
The social impact of environmental taxation
Aviation taxation
Air Passenger Duty
Is APD an environmental tax?
Changes to the APD regime prior to aviation's
inclusion in the EU ETS
Conclusions
6 ADAPTATION
Adaptation in the United Kingdom
Coordination of adaptation efforts across
government
Government expenditure on flood defence
Adaptation in developing countries
CONCLUSIONS AND RECOMMENDATIONS
FORMAL MINUTES
WITNESSES
LIST OF WRITTEN EVIDENCE
LIST OF REPORTS FROM THE TREASURY COMMITTEE
DURING THE CURRENT PARLIAMENT
MINUTES OF EVIDENCE
WRITTEN EVIDENCE
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