Climate Change Act 2008 (2020 Target, Credit Limit and Definitions) Order 2009

My Lords, I do not want to go back over what I said about the benefits of a low-carbon economy. I agree with my noble friend that one cannot lightly dismiss that scale of reduction in GDP. However, I think that the substantive point that the noble Lord, Lord Stern, made is that, if we do not take action now, the cost could be very much greater later.