Agreement on Climate Change, Trade and Sustainability

Baroness Boycott Excerpts
Monday 11th January 2021

(3 years, 3 months ago)

Lords Chamber
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Lord Grimstone of Boscobel Portrait Lord Grimstone of Boscobel (Con)
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My Lords, we are considering seriously the policy areas which underline the agreement; we attach great importance to them. We support further moves in this area and are carefully considering whether we should move forward with this.

Baroness Boycott Portrait Baroness Boycott (CB) [V]
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My Lords, according to Eurostat figures, our Government spend approximately £10 billion a year subsidising fossil fuels. Do they agree that this is both outdated and extremely damaging, and should be phased out? Can the Minister update me on the Government’s plans in this direction?

Lord Grimstone of Boscobel Portrait Lord Grimstone of Boscobel (Con)
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My Lords, the UK has been a long-standing supporter of multilateral efforts to promote fossil fuel subsidy reform. There is some technical disagreement as to exactly what comprises a fossil fuel subsidy. For example, we would not want the £200 winter fuel payment that we make to pensioners to be included as a subsidy. Some debate is still going on about the coverage of this matter.