State of Climate and Nature Debate
Full Debate: Read Full DebateLord Lilley
Main Page: Lord Lilley (Conservative - Life peer)Department Debates - View all Lord Lilley's debates with the Department for Energy Security & Net Zero
(1 week, 6 days ago)
Lords ChamberMy noble friend is absolutely right to draw attention to what is sadly likely to be a large number of deaths directly attributable to the recent heatwave we have had in this country. Those deaths can quite possibly be attributed to the lack of readiness that we have in our building fabric and our homes for the consequences of climate change and what will happen with temperatures in future. I hope she can take some comfort from the fact that the Government are actively reviewing how we make sure that building standards are fully compliant with climate change resilience for the future. If we build our buildings so that they can undertake those future climate shocks rather than be victims of them, we will have done a good deed for the future.
My Lords, the Statement in another place said that reducing emissions would lower bills. This country has reduced emissions by more than any other country, yet our bills are now higher than any other OECD country, nearly all of which rely on gas like us. Can the Minister explain this? If he is going to say that, in future, renewables will be cheaper than fossil fuels, then why do they need subsidies, and, if they need subsidies, how can he say that they are basically cheaper?
The noble Lord is substantially but not entirely correct about OECD prices; however, he is not entirely correct that other OECD countries are reliant on gas to the extent that we are in this country. A very substantial driver of electricity prices is the volatile price of gas, as he will know, and the reliance that we still have in this country on gas as a market-maker for electricity very substantially leads to those high prices. Therefore, on the idea of getting off that wheel we are on, of volatile gas prices leading to volatile electricity prices and to high energy prices, it is quite right that we resolve that by making sure that our energy arrangements are as low carbon—and, hence, not gas based—as they can be.