UK Net Zero Emissions Target

Lord Howarth of Newport Excerpts

Wednesday 12th June 2019 Lords Chamber

[Lord Henley]

My Lords, the Committee on Climate Change, as I made clear, has given us its vision of the likely cost of delivering a net zero target; that is within the same range as the original 80% target set out in 2008. It is equivalent to 1% to 2% of GDP by 2050, and our own assessment of costs is broadly within that range. One has to add that the impact of this could be partly offset by the many benefits, such as economic growth, green-collar jobs, reduced air pollution and reducing the risks and potential costs of catastrophic climate change. We will continue with that and, as was made clear in the Statement, the Treasury will also make its own further assessments of the costs. It is quite right that we should take those into account. As I said in response to the noble Lord, Lord Cunningham, it is very important that as we pursue this policy, which we believe is entirely necessary and agreed on most sides of the House, we take everybody else with us.

[Lord Howarth of Newport (Lab)]

My Lords, does the Minister agree that, whatever it costs, we have to tackle climate change effectively if we are to avoid catastrophe? Given that all other policies that Parliament is concerned with are trivial by comparison, will the Government put this right at the top of their priorities?

[Lord Henley]

My Lords, this goes back again to that point about the importance of taking people with us. So much of what needs to be done comes down to individual decisions about how people live their lives and how they are taxed. If we can take people with us it will be much easier to meet those targets. I agree with the noble Lord that it is a very pressing issue and one of the most important in front of us.