TRANSPARENCY OF CARBON MARKETS

Early day motion 2322, tabled 22 October 2008 by Colin Challen (Labour). Signed by 39 members.

That this House believes that carbon trading can play an important role in combating climate change, but that confidence in such an approach can only be maintained if such markets are open, accountable, transparent and fully verifiable; and therefore believes that in order to avoid the collapse of trust that has occurred in financial markets, carbon markets must be better regulated and that hybrid and complex carbon credit-structured concepts such as synthetic carbon products and sub-index arbitrage strategies be excluded from any certified form of carbon credit.

Signatures by party: Labour 22, Liberal Democrat 10, Conservative 2, Social Democratic and Labour Party 2, Independent 1, Plaid Cymru 1, Scottish National Party 1.