Energy White Paper

Debate between Lord Sharma and Stephen Crabb

Monday 14th December 2020 Commons Chamber

[Alok Sharma]

May I respectfully suggest to the hon. Gentleman that he looks at what we have actually said about nuclear? What we have said is that we are starting a discussion with the developer, EDF. We have not set out a financing model. As I have said, the point at which a decision is made on whether we move to a final investment decision in this Parliament will be on the basis that any financing model delivers value for money for the British taxpayer and, indeed, for consumers.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

My right hon. Friend has made an important statement today, but he will be sensitive to the fact that there are constituencies such as mine in Pembrokeshire that have been heavily reliant on the oil and gas industries for the past 50 years and are particularly vulnerable to these big strategic changes in energy policy? Does he agree that, with the right level of Government support which will unlock private sector investment, we can see a new generation of quality jobs and apprenticeships in offshore wind and marine renewables, such as wave and tidal? Will he pledge to ensure that the Government provide that support, so that constituencies such as mine are not left behind?

[Alok Sharma]

My right hon. Friend is, I know, a great champion for renewables, and, indeed, for his own constituency, and he will know that I very much agree with him. Marine renewables is a technology that very much excites me. He will have seen that we recently held a call for evidence on the potential of marine energy projects, and that we have also announced the ambition of 1 GW of floating wind by 2030, supported by CFDs and innovative funding. I suggest that if there are particular projects that he thinks are viable in his constituency, he should point them in the direction of the CFD auction process when it takes place next year.