(6 days, 23 hours ago)
Commons ChamberThirteen oil and gas fields have been licensed for new drilling of dangerous fossil fuels but are still awaiting final approval. The Government paused those decisions while doing a consultation, but the consultation will not change the science: if we are to meet our climate targets, those fossil fuels must stay in the ground. Will the Secretary of State do the right thing by the poorest in our country, who are always at the sharpest end of climate action, and ensure that those licences will not be granted?
This is a Government with a world-leading position when it comes to oil and gas, and we will do the right thing for the environment and climate change and the right thing to ensure that there is a just transition in the North sea.
(3 weeks, 6 days ago)
Commons ChamberMy hon. Friend is right: although we have party political disagreements on some issues, this country has avoided a fraying and splitting of this consensus, as has happened in other countries. The consensus on climate action is so important precisely because of what he has set out: the fate of his grandchildren and all future generations, and the impact on them. I want to work with people across parties on this issue, because the more of a consensus we have, the better it is for the country.
Low-income countries were extremely disappointed by the finance agreements at COP—$300 billion does not come anywhere near the level of need. Critically, there was no clarity on how much of it would be grants, as opposed to loans, which would plunge global south countries further into debt. Does the Secretary of State share my concern about the potential dominance of loans and an overreliance on the private sector, and does he agree that considerable public finance could and should be raised through taxes on the most polluting companies?
I understand why the hon. Lady expresses that disappointment—indeed, a number of developing countries expressed that disappointment. However, I think that this is a considerable scaling-up of resources. That is to state the obvious, because $100 billion was the previous commitment. It is the provision and mobilisation of resources. She is right about the balance between grants and loans, and about the funds that are required for adaptation, but the truth is that public finance on its own will never meet the need. That is why the agreement on carbon markets that was part of this COP is important, and why the mobilisation of private finance, and working on a road map to that mobilisation, which is also part of the agreement, is so important.
(5 months ago)
Commons ChamberI welcome my hon. Friend back to the House. It is fantastic to see her back in her place—I congratulate her. She knows much about this subject through working for RenewableUK when she was outside the House, and she makes an important point. The shadow Secretary of State drew attention to our generation of offshore wind, which we have done well, but it is commonly accepted that we have not done nearly so well in generating the jobs that should come with that. Part of what I will be doing with my right hon. Friend the Secretary of State for Business and Trade is developing a proper green industrial strategy, including in the supply chain. That will provide clarity about the plan to ensure that we have not just energy generation, but job generation too.
I welcome the Secretary of State to his role, and welcome the Government’s recognition that public investment must play a substantial role in decarbonising power. I have seen that from my previous career in offshore wind. However, this public investment must not be only about de-risking private sector investment, though some of his colleagues have implied that that would be the principal role of Great British Energy. Will the Secretary of State confirm that Great British Energy will invest in fully publicly owned, or at least majority publicly owned, renewable generation projects, and will not confine itself to taking minority stakes in private sector-led projects that would give it very little control?
I welcome the hon. Lady to her place. I can confirm that GB Energy will play a role in all kinds of ways, and that we are certainly not restricting it in the way that she suggests. Furthermore, in the constructive spirit of these exchanges, I would ask that the Green party thinks about its commitment to tackling the climate crisis, which we all share, and then thinks about this question of infrastructure. If it wants to tackle the climate crisis, it should know that that simply will not happen if its leading members say no to new energy infrastructure.