Chris Evans
Main Page: Chris Evans (Labour (Co-op) - Caerphilly)
Chris Evans (Islwyn) (Lab/Co-op)
One of my great Welsh forebears, Aneurin Bevan, once said that we live on a land made of coal, surrounded by sea, and it would take an economic genius for anyone to go cold or hungry.
What I hear from this debate today is that we have the greatest natural resources in the world, yet we are standing by and watching as we get left behind by the rest of the world. China has half the market in solar power batteries; Brazil is already investing in ethanol production for its cars; and the Danes are using wind power to produce their energy. What are we doing? We are falling from third to 13th in green technology investment. That cannot go on.
For too long I have been worried about debates on green energy and technology. I have been one of those who has said, “This is our last best chance,” but the real problem is that we talk in the abstract and in the future, so as we are only a few weeks away from the Budget there are three fundamental things that the Government can do to increase jobs and growth in the low-carbon sector.
The first, quite surprisingly, is to be found in mortgage repossessions, of which Wales has had 5,000 over the past year. It seems an economic fallacy to put those properties back on the market to be sold at below market level, when the banks could bring about equity investment, keep people in their homes and provide for energy-refitting such houses, so that their value increases. We could also look at refitting every public building to stimulate the construction business.
Secondly, with growth on the floor, I genuinely believe in and have come round to the idea of a mini stimulus: not a stimulus on the level that we saw in 2008, when we tried to keep the economy going while it was failing, but something based on what we have learned from that. If we look for example at the car scrappage scheme, we see that in 2009 a targeted stimulus put more new cars—2.4%—on the road, while at the same time emissions dropped for the first time in 13 years. We could look at that again, but instead of talking about just car scrappage, we could talk about hybrid cars as well.
The third and final thing that I would like the Government to do is to talk about not only the green investment bank, but about picking two cities and making them energy independent. The two that I would pick are Cardiff and Bristol, because they could bring about an investment project, such as the Severn Bay barrage, that would produce more energy through tidal and wind power.
Those are great opportunities that we can invest in and look at, and the Government can do so now. They have it in hand. This is our last chance, and as I see time is ticking down, I suggest that we take it.
Mr Deputy Speaker (Mr Nigel Evans)
The winding-up speeches will start at 10 minutes to 7.