Ed Miliband MP: speeches

Speeches

• 25 Nov 2025 · COP30 · Hansard source

  More

  My hon. Friend draws attention to something that is relatively obscure in the big scheme of things that we talk about in this House, but which is incredibly important none the less. Article 6 on carbon markets was agreed last year after, I think, a decade of effort. I want to pay tribute, by the way, to Rachel Kyte, our climate envoy, who was very much part of that, and indeed Ruth Davis, our nature envoy. Two things are interesting about this. The first is that the Brazilians launched what they call the open coalition on compliance carbon markets to drive work on carbon markets forward. I was part of those discussions. The second interesting thing that has happened is that the idea of the carbon border adjustment mechanism, or CBAM, which has been called for by lots of Members of this House, has actually pushed forward some of the work on carbon markets. I think I am right in saying that 7% of the world was covered by carbon markets 15 years ago, and now it is 28%, so progress is moving forward. My hon. Friend is absolutely right about the potential role of the City of London in this.

• 14 Oct 2025 · Topical Questions · Hansard source

  More

  I am afraid that the right hon. Lady’s question is economically illiterate, and that is putting it politely. The EU emissions trading scheme and the carbon border adjustment mechanism mean that exporters will pay the carbon price in any case. Quite extraordinarily, her policy means that they would pay it to the EU, not to the UK Government—I do not think that is a very good deal. That is why UK business welcomed the linking proposals that we made, including UK Steel, the CBI, Make UK and the Energy Intensive Users Group.