Anne-Marie Trevelyan
Main Page: Anne-Marie Trevelyan (Conservative - Berwick-upon-Tweed)Department Debates - View all Anne-Marie Trevelyan's debates with the Cabinet Office
(2 years, 10 months ago)
Commons ChamberI know that my right hon. Friend shares my view on the importance of unleashing investment for climate. Although a global green investment bank is not on the COP agenda itself, we are working with all levels of the global system—treasuries, regulators, multilateral development banks, central banks and markets—to mobilise private and public capital.
I congratulate my right hon. Friends on the Front Bench on the net zero strategy that the Government published yesterday. Unlike Opposition Members, I see that a net zero strategy backed by business is the way to go. Taxpayers are not going to pay the full cost, and it is down to us all to be committed to that. Does my right hon. Friend agree that because the UK has such strengths in our financial services sector, we can, by promoting greater investment in renewable technologies around the world, promote not just decarbonisation but better jobs and economic growth for all our citizens and those in the developing world?
Wind and solar power are now cheaper than coal and gas across the majority of the world, and continuing to invest in those unabated fossil fuels is likely to create a risk of stranded assets. The opportunities for business investment into green technologies have never been better, with green, high-quality jobs across not only the UK, but all countries, as they also invest in their green technologies and those revolutions that drive the opportunity to boost global GDP by up to 2.4%.
The UK works with all countries to deliver ambitious action on climate change and ensure that human rights are placed at the forefront of our climate action. Under the UK’s COP presidency, we are bringing forward a declaration for donor countries to support the conditions for a just transition from high-carbon industries into quality, decent, new jobs.
Human rights abuses, such as the treatment of the Uyghurs in China, are hugely relevant to COP. An investigation earlier this year found that 40% of UK solar firms were built using panels from firms linked to forced labour in Xinjiang, China. How does the COP26 President intend to approach the need to work together with countries such as China while also meeting our moral obligations in relation to these abuses?
The allegations are, of course, a cause for concern. Further detailed investigations are required to establish to what extent that forced labour is present in the solar supply chain. We are thoroughly investigating those allegations. On 12 January, we announced a series of measures to help ensure that no UK organisation is complicit in human rights violations or abuses taking place in Xinjiang, including strengthening the overseas business risk guidance to support businesses making the right choices.
The 2019 decision of Surrey County Council to grant planning permission for four new bore holes is currently subject to a legal challenge, which will be heard by the Court of Appeal in November. It would therefore not be appropriate for me to comment on the specifics, due to the ongoing litigation.
The International Energy Agency has warned that if the world is to reach net zero by 2050, the exploitation and development of new oil and gas fields must stop this year, yet there are currently proposals for multiple new exploratory oil developments across the UK. With just 11 days to go until world leaders gather in Glasgow, how can the COP26 President justify these developments against the Government’s stated aim of keeping global warming to 1.5 °C?
As I announced earlier this year in my former role, the Government will be introducing a climate compatibility checkpoint for any new licences issued, in order to assess whether any future licensing rounds remain in keeping with our climate goals. The checkpoint, which we have committed to launch by the end of this year, will be used to assess the climate compatibility of any future licensing rounds.
Supporting vulnerable communities around the world to adapt to climate impacts is a top priority for COP26. We are encouraging improved adaptation planning, integration of climate risk into decision making, and increased and more accessible adaptation of finance to deliver effective, inclusive adaptation, and loss and damage action on the ground.
The most climate-vulnerable states need and demand more assistance from the developed world for climate transition and adaptation. This has the potential to derail COP26, so can the Minister tell us: what are the Government’s aims for increasing the level of support at Glasgow to help transition and adaptation in the poorest countries, and particularly whether it is the Government’s intention to lobby for that aid to be in the form of grants, rather than loans?
Travelling the world this year in the role that I have the great honour to hold—UK International Champion on Adaptation and Resilience—has, if nothing else, made it clear that the challenges for so many countries are often ones of access to finance. The COP unit and the Foreign, Commonwealth and Development Office have worked tirelessly all year to find better ways to ensure that access to finance, and to ensure that the $100 billion is committed by developed countries so that they have the finance they need to make those sorts of adaptive changes.
Success at COP depends in part on developed countries finally honouring that 2009 $100 billion promise, yet with just 12 days left there remains a staggering £14 billion shortfall and the German-Canadian delivery plan still has not materialised. Will the Minister therefore tell the House whether the Government agree that it is essential that the $100 billion commitment be met before delegates arrive in Glasgow, and whether she concedes that the UK is likely to have to reassess its own contribution in order that it is?
My right hon. Friend the COP President-designate has spent, and continues to spend, an enormous amount of time on ensuring that we can reach that $100 billion figure, which is a clear symbol of intent. He continues to have conversations with the Germans this week, before we get there. This is a key focus for the team and all those who know that it is a terribly important marker to meet, and we want to ensure that it is able to reach those who need it most.
Waste management is a critical part of helping us to reach net zero across the planet. I was very pleased to see in the Duke of Cambridge’s Earthshot prize awards on Sunday that the Indians had a really interesting solution to the problem that ensured they could reduce their waste management and not have to burn their crops.
Business action is critical if the Government are to achieve the goal of reaching net zero by 2050. That is why, since the COP President-designate took on the role, he has been actively calling for business to join the race to zero—a UN-backed campaign supported by the UK Government. It requires businesses to take robust short-term action to halve global emissions by 2030 and to achieve net zero emissions as soon as possible. There are now 4,470 companies that have signed up to Race to Zero.
It was a wonderful visit and I thank the right hon. Gentleman and the community for welcoming me so heartily. All these new technologies will help us meet net zero, not just in the UK but across the world. We want to continue to see investment in them. I know that the Secretary of State for Business, Energy and Industrial Strategy, my right hon. Friend the Member for Spelthorne (Kwasi Kwarteng) will continue to champion these issues.