Climate Change

Baroness Boycott Excerpts

Tuesday 7th September 2021 Lords Chamber

[Lord Callanan (Con)]

That is the £6 billion CO₂ question, in that we will have to wait and see. A tremendous amount of diplomacy is going on. My right honourable friend Alok Sharma, the COP president, is obviously engaging extensively, and we hope that they will publish realistic NDCs before COP.

[Baroness Boycott (CB)]

My Lords, the UK still has no fully costed plan to reach net zero. The Office for Budget Responsibility has made it clear that the cost of delaying will increase dramatically the longer we do so, and then we will not get the benefits of a more sustainable society and a greener economy. This vacuum of clear policies is now giving space to those who have vested interests in delaying and continuing subsidies for polluting fossil fuels—so can the Minister give the House assurances that he will act swiftly to address this misinformation and ensure that, in the forthcoming spending review, there are long-term investment commitments that take full account of all these costs and benefits?

[Lord Callanan (Con)]

We are certainly committed to action. We have published a number of strategies—the hydrogen strategy and the transport decarbonisation strategy—and the net-zero strategy will be published before COP. The noble Baroness will understand that I cannot give commitments for the Chancellor in the spending review.