Oral Answers to Questions

Ed Miliband Excerpts

Wednesday 19th January 2022 Commons Chamber

[Alok Sharma]

My right hon. Friend is right: a whole range of commitments were made, some of which will continue beyond the end of 2022. As I said, a key commitment was for countries to revisit their emissions-reduction targets by the end of 2022. We will work with the COP27 presidency from Egypt to ensure that countries deliver.

[Edward Miliband (Doncaster North) (Lab)]

Two months on from the COP, there is a worrying lack of momentum in this pivotal year, and it could get worse if we learn the wrong lessons from the energy crisis. Does the COP President agree that the lesson is not that, as some in his party would say, we are moving too fast on green energy, but the opposite: we are moving too slowly and our dependence on fossil fuels leaves us vulnerable? The only way, therefore, to keep 1.5 alive and provide energy security is to go further and faster on the climate transition.

[Alok Sharma]

The right hon. Gentleman will know that the UK wants to have a managed transition to net zero, including in our energy mix. He will also know that under this Government we have led the world in offshore wind and that this Government are delivering investment in nuclear to ensure that we increase our baseload.

[Edward Miliband]

Consumers looking at their energy bills will ask, “If it is going so well, why are our bills rocketing and why are we so vulnerable?” We can keep 1.5 alive only if we have an energy policy that is fair at home and abroad. Many of the fossil fuel companies have made billions as a result of soaring prices, yet the Government say we should not tax them further because they are struggling. Is not the truth that we are only ever going to meet the Paris agreement if we stand up to vested interests, including the oil and gas companies, and that the fair and right approach is a windfall tax to help with the real struggles faced by the British people?

[Alok Sharma]

We want to see more private sector investment in offshore wind and, indeed, in renewables and the increasing of our green baseload. The right hon. Gentleman will have seen that in the net zero strategy we have set out a plan for an extra £90 billion of investment from the private sector. That is flowing in because of the actions of this Government.