George Osborne has suggested that Britain should not price itself out of international energy markets by placing too heavy an environmental burden on suppliers.
The Chancellor was speaking after a landmark report by Intergovernmental Panel on Climate Change found that global warming was "unequivocal" and human influence on the climate clear.
It also comes after Ed Miliband pledged that Labour would freeze energy bills if it won the next election.Interviewed ahead of the Tory party conference, Mr Osborne told The Times:
I want to provide for the country the cheapest energy possible, consistent with having it reliable, in other words as a steady supply, and consistent with us playing our part in an international effort to tackle climate change.
But I don't want us to be the only people out there in front of the rest of the world. I certainly think we shouldn't be further ahead of our partners in Europe.
More top news
Britain's highest court will rule on whether the government requires parliament's approval to get Brexit under way.
New sentencing rules mean serious speeding offences will be met with a 'clear increase in penalty'.
Donald Trump has wasted no time making his mark on international matters as well as domestic. So how will his presidency affect the world?