(9 months ago)
Commons ChamberI thank the hon. Lady for having the chutzpah to attempt that question. If she would like to talk about uncertainty on investment plans, she need only look at those on the Benches behind her, who have performed the most extraordinary flip-flop on that. We have delivered the second highest cumulative amount of recorded low-carbon investment across Europe over the past five years.
(1 year, 2 months ago)
Commons ChamberI welcome my hon. Friend’s work as a member of the Commission for Carbon Competitiveness, and she makes an excellent point. The £20 billion will be funded through a variety of sources and will be allocated in due course, and early this year the Government consulted on a range on measures to support decarbonisation, including a carbon border adjustment mechanism. The Government will provide a response to that consultation in due course.
If the Secretary of State is looking for innovation that will make a real difference to economic growth, will she look at not only carbon capture and storage, but hydrogen? Many of the same universities and research establishments are looking at hydrogen as the new energiser for transport and so much else in our lives. Will she put some serious money into both hydrogen and CCS?
I am interested in innovation in all of those areas, because that is what will get us to the ambitious targets we have set out. I will be looking at hydrogen, carbon capture, and every single other area to see what more we can do.