(12 years, 7 months ago)
Commons ChamberWe will therefore bring forward that package with a consultation paper, and there will be detailed proposals at that point.
In the light of the court case that has been mentioned and the Secretary of State’s comments this morning, it is clear that the Department is no longer fit for purpose. Is he really telling the House that he is going to drag the Government’s reputation further into the mire and waste further large amounts of taxpayers’ money in order to pursue what is really a wasted cause?
Let me reiterate the point that, if we were merely to accept the number of installations after our reference date and before 3 March, we would add £1.5 billion to the total cost of the scheme. That is what Opposition Members are asking us to do. If we were to go further, the cost would be even greater. If the hon. Gentleman thinks that that is a price worth paying, he is entirely consistent with what else Opposition Members say on economic policy, but it is not something that will be entertained by Government Members.
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
The Minister of State, Department of Energy and Climate Change, my hon. Friend the Member for Wealden (Charles Hendry), discussed the stress tests recently at an informal EU Energy Council meeting in Hungary, and during bilateral meetings with Commissioner Günther Oettinger. Good progress is being made in defining the tests, and I believe that we will be in a position to make an announcement shortly.
However much the Secretary of State tries to dress it up, is it not the case that the new carbon floor price represents a massive subsidy to the nuclear industry, possibly to the tune of £2 billion? Is that not why the nuclear industry has been lobbying for it?
I return to the point that I made in answer to the hon. Member for Brighton, Pavilion (Caroline Lucas). As Lord Stern said, we have experienced the greatest market failure of all time. We will be able to provide the incentives that will lead all of us, in the private and public sectors, to change our behaviour only if we offset that market failure by incorporating the costs. What there will not be is any subsidy for the nuclear industry.