(10 months, 1 week ago)
Lords ChamberMy Lords, I thank the noble Baroness, Lady Sheehan, for initiating this short debate. It is interesting that there was some overlap between these issues and those that were mentioned in the previous debate: I found it very useful to be able to sit through both. I am also grateful for and somewhat amused by the very contrarian view that the noble Lord, Lord Lilley, put forward: it is the essence and the strength of this House that such contrasting views can exist contentedly together. I, on the other hand, feel that global warming is the biggest threat to life that the world faces over the coming decade. The year 2023 was the hottest on record, according to the WEF Global Risks Report published ahead of COP 28 in Dubai.
In light of this, it is gratifying that there was, at the COP, a historic agreement to transition away from fossil fuels. Some might say, “About time”, and others will perhaps say, “Too little, too late”. It is nearly 30 years since the first COP in Berlin, and some 10 years since the Paris Agreement establishing the goal to limit temperature increase to 1.5 degrees centigrade above pre-industrial levels. It is likely, in fact, by most views, that this figure will be exceeded this year. I would be grateful if the Minister would explain how the UK is planning to contribute to the transition and how the issue of new oil and gas licences for exploration in the North Sea will assist this transition.
However gratifying the agreement may have been to the participants and those who worked so hard in Dubai to reach this level of compromise, it is simply not enough. It was not accompanied by a plan of action or a timetable. No country can provide this alone; what is needed is a global strategy and partnerships. Again, I would like the Minister, perhaps when he closes this debate, to examine what partnerships he has in mind and how we are going to work together with our partners to address these issues.
Nevertheless, while climate heating is a global issue, it is most closely felt at a local level and it is the poorest and most climate-vulnerable countries that are feeling the worst effects of sea levels rises and extreme weather events. For example, floods in Pakistan last year are estimated by the World Bank to have caused at least $30 billion-worth of damage. In Dubai, at COP, in addition to the agreement to transition away from fossil fuels, it was agreed to operationalise a loss and damage fund to assist countries most affected by global heating. Some $700 million dollars was pledged, but this has been described by experts as “minuscule” in the face of the disasters endured by many as a result of global heating.
So far, it appears that these are pledges only. The money has yet to be forthcoming, nor is there yet a plan for how and to whom it will be distributed. Perhaps the Minister would like to confirm what the UK’s actual contribution to this fund will be and what plans there are to distribute it.
As has been mentioned, COP 28 also stipulated a tripling of investment in renewable fuels. The UK has a good history in renewable energy, and I would be grateful if the Minister could advise the House on the current investment in renewables and what plans there are to meet COP’s tripling target.
COP 28 cannot be just a talking shop with vague agreements and pledges but no legally binding commitments. There must be continuing serious debate about how issues of fairness and equality can be addressed, if there is not to be a great loss of trust in COPs generally. Furthermore, the wealthy countries, whose historic and continuing carbon emissions are the dominant cause of global heating, must take action. Fine words are not enough: we need serious action.
I am advised that, at another major global conference taking place in Davos, climate heating is low on the agenda, unfortunately, as conversations about war, inflation and Trump dominate. It is apparent that, for the moment, this is a time when other issues need to be addressed as well.