Damian Hinds
Main Page: Damian Hinds (Conservative - East Hampshire)(13 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text
Gregory Barker
From 2012, when it opens for business. It is pretty clear. That is why the chairman of the green investment bank, who knows a lot more about business than Members on the Labour Front Bench, was very pleased with the announcement. The £3 billion is an awful lot more than Labour pledged in its manifesto.
Damian Hinds (East Hampshire) (Con)
13. When he plans to respond to the Committee on Climate Change’s fourth carbon budget report.
Simon Wright (Norwich South) (LD)
15. When he plans to respond to the Committee on Climate Change’s fourth carbon budget report.
The Minister of State, Department of Energy and Climate Change (Gregory Barker)
The Climate Change Act 2008 requires the Government to set the fourth carbon budget level in law no later than 30 June 2011. I anticipate that a statutory instrument will be laid before the House after the Easer recess.
Damian Hinds
The carbon budget plan is still back-ended, calling for reductions of 4.7% compound after 2030 but only 3.2% before. That is credible so long as investment in research and development is strong at the front end. What more can the Minister do, working with colleagues in Government, to stimulate the development of low-carbon vans and heavy goods vehicles as well as power?
Gregory Barker
My hon. Friend is right: there is a whole range of measures, but transport is also key. The recent spending review announced that the Government have provided up to £400 million for measures to promote the uptake of ultra-low carbon vehicle technologies, including support for consumer incentives, the development of recharging infrastructure and a programme of research and development work, which we continue to add to.