Inquiries into water review, carbon markets

The House of Commons Environment, Food and Rural Affairs Committee (EFRA) has announced an inquiry into the 2009 periodic review of water prices conducted by Ofwat. Meanwhile, the Environmental Audit Committee has announced it will hold an inquiry into the role of carbon markets in preventing climate change.

The EFRA committee’s inquiry will cover financing investment for climate change and the environment, affordability and relationships with the draft Floods and Water Bill, the Cave review on water competition and the Walker review on water charging. The deadline for written submissions is 26 February.

The Environmental Audit Committee enquiry will examine the role of emissions trading in delivering the emissions cuts required to stabilise greenhouse gases. It will consider the progress made in phase II of the EU emissions trading scheme, and prospects for Phase III. It also aims to evaluate other countries’ schemes and prospects of linking them. Finally it wants to look into the relationship of emissions trading to the UK carbon budgets and targets set under the Climate Change Act 2008. Written submissions should be in by 3 March.

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