Diolch, Llywydd. I move the motion and I'm pleased to be able to bring forward this legislative consent motion for the UK Government's Finance Bill. I would like to thank the Legislation, Justice and Constitution Committee and the Finance Committee for their scrutiny of the memorandum. 

The LJCC concluded I should seek consent of the Senedd, given the provisions relate to a purpose that it is within its legislative competence. The Finance Committee was content, and did not wish to raise any reporting issues. Clause 93 of the Finance Bill relates to the charging for and allocating allowances under an emissions reduction trading scheme. I believe the provisions contained within clause 93 fall within the legislative competence of the Senedd, in so far as they relate to environmental protection and climate change. However, I am of the opinion these provisions should be made in a UK Bill, as this will ensure we meet the timetable required to implement the UK emissions trading scheme across the UK on 1 January 2021.

Charging for allowances through an auctioning system will enable the UK emissions trading scheme—a hugely important decarbonisation policy—to set a carbon price for our highest emitters when we leave the EU emissions trading scheme. The UK emissions trading scheme will incentivise Wales's largest carbon emitters to decarbonise their operations whilst ensuring a level playing field across the UK. Achieving a transition to Wales's industrial base will be crucial if we are to achieve our climate ambitions in a socially just way. I therefore commend the motion to the Chamber.