Climate Change Bill [HL]

My Lords, I thank the Minister for his extensive reply, which I have to admit was very persuasive. For the second time this evening I am fully persuaded. The irony, as the Minister well knows, is that the whole biofuel debate moves at a faster rate than political dialogue. To be frank, I am not sure that there is an easy answer. I am persuaded by the Minister and by the momentum we have had in terms of the European Union to ensure that we do as well as we can in that route. That becomes particularly important within a single market. At the end of the day, though, the only way that this can be solved is through a price mechanism that values the rainforest that would otherwise be chopped down. There will be an economic incentive if there is a greater economic benefit from rainforests not being cut down for other uses, and the system will solve itself through the market. Otherwise, as with anything else, the market will find a way around and rainforests and other important carbon sink areas will disappear, whatever artificial constraints we put on it. On that basis, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.