Private Sector: Environment and COP 26 Debate
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Lord McConnell of Glenscorrodale
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Private Sector: Environment and COP 26
Lord McConnell of Glenscorrodale Excerpts(2 years, 10 months ago)
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Lord Callanan (Con)
The noble Lord will I am sure be delighted to hear that we are launching a new contracts for difference round in December.
Lord McConnell of Glenscorrodale (Lab)
My Lords, the best multinational companies have actually been ahead of the Government in relation to the sustainable development goals. Therefore, I wonder whether the Build Back Better World initiative announced at the G7 summit recently by the Prime Minister will actively engage multinational companies in delivering the sustainable development goals, and will the UK have a key role in taking forward this initiative after leading the G7 in Cornwall last month?
Lord Callanan (Con)
The noble Lord makes a very good point, and indeed we will. Already, 40 of the UK’s leading companies have joined the net-zero challenge and, as he will be aware, as part of the 10-point plan, the Government have invested over £12 billion to stimulate a green industrial revolution in the UK supporting up to 250,000 jobs.