Surplus Carbon Emissions Debate
Full Debate: Read Full DebateLord Lennie
Main Page: Lord Lennie (Labour - Life peer)Department Debates - View all Lord Lennie's debates with the Department for Energy Security & Net Zero
(7 months, 2 weeks ago)
Lords ChamberThere is a degree of truth to what the noble Lord says. I do not characterise it as our having de-industrialised; we have some very successful manufacturing industries in this country, many of them low-carbon industries. Of course, the issue of carbon leakage is important, and it is one reason why we have committed to introducing a carbon border adjustment mechanism; we are currently consulting on the precise make-up of that. However, the noble Lord is right that it is a factor.
What impact will the Offshore Petroleum Licensing Bill have on our ability to meet future carbon budgets?
As we debated extensively last night, it will have a negligible impact.