Competition and Markets Authority Chairman

Debate between Lord Bridges of Headley and Baroness Gustafsson

Monday 27th January 2025 Lords Chamber

[Lord Bridges of Headley (Con)]

My Lords, last weekend at Davos, the Chancellor said that growth trumps net zero. If that is the case, will the Government review and revise regulators’ remits to reflect that?

[Baroness Gustafsson (Lab)]

I thank the noble Lord for his question. As I reflect on my experience in driving investment, I do not think the two need to be mutually exclusive. When I reflect on our successes with driving investment, the green energy sector is a region in which we have seen considerable successes. This does not need to be a choice between one or the other. Executed correctly, there is an opportunity for us to drive growth while supporting sustainable energy initiatives.