Queen's Speech: PwC comment on Environment, Low Carbon: UK sets high ambition on a climate deal

Commenting on the low carbon economy, environmental and climate change issues in the Queen’s Speech, Jon Williams, partner, climate change, PwC said:

"References to plastic bags, shale, planning, biodiversity, international climate talks and green export receipts shows how the debate on a low carbon economy is so multi-faceted. Making use of every lever will be important, as long as they don't contradict each other.

"On an international climate agreement, the UK government is right to be ambitious in aiming for a legally binding, rules based deal covering all countries in 2015, even though the market remains less confident in this outcome. The US and China have certainly showed their cards this week and are positive developments in the right direction. We will see how other countries react."

In a PwC survey of members of the International Emissions Trading Association representing carbon markets and trading participants, which was released last week, while 85% of carbon market participants surveyed expect a climate deal in 2015, only 4% think this will bind all major economies.

For further information or comment, please contact Rowena Mearley, PwC Media Relations, Tel 07841 563 180

Rowena Mearley
 
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