(1 week ago)
Commons ChamberMy hon. Friend reminds me how old I am, for which I am grateful! At various points in the middle of the night, Friday into Saturday, I could not help feeling a slight sense of Copenhagen post-traumatic stress disorder as I thought we were heading for no agreement. One of the things I consoled myself with was that the world is actually much further forward than it was when the Copenhagen summit foundered. On my hon. Friend’s important points about international finance and nature finance, despite the difficult fiscal circumstances, we have maintained funding of £11.6 billion over five years in the ICF. We will be making new announcements in the coming months, but the points that she makes about protecting nature and tackling the climate crisis going together are very well taken.
What commitments were secured at COP30 from the countries responsible for the highest carbon emissions—China, the US and India—to reduce their emissions, given that their leaders, Xi, Trump and Modi, could not even be bothered to attend? Or did those countries fail to commit to reducing their carbon emissions and to phasing out their use of fossil fuels, instead allowing the Secretary of State to walk his ideological path of net zero, which is destroying the UK’s industrial and manufacturing base and pushing our population into poverty with ever-higher energy bills?
I definitely disagree with the last part of the right hon. Lady’s question, because net zero is actually the greatest economic opportunity that we have, which is why we are going to create 400,000 new clean energy jobs by 2030. On the first part of her question, which is really important, let me answer her directly: I would like China to go further, but for the first time it has announced an absolute reduction in its emissions. It is really important to understand that. I think it could go further, but this is a very significant moment. When I was at COP 15 years ago, the notion that China would have had an absolute emissions target—never mind that it would be cutting its emissions—was frankly fanciful.
I did an event with the Indian Minister. Again, India could go further, but it has reached its target to have 50% of its electricity supplied by non-fossil fuel sources five years early—[Interruption.] The right hon. Member is shaking her head. She asked a question, and I am answering it. The notion that no other country is acting is frankly wrong.
(4 months, 2 weeks ago)
Commons ChamberThe Secretary of State has said that he wants to tell some hard truths, so can he tell the House directly—without spin and waffle, and without dodging the question—how much in cash terms it would cost the UK to get to net zero, who would pay the cost, and how much the UK getting to net zero would reduce global temperatures by?
All those details are set out in the Climate Change Committee report. The right hon. Member can look for herself. [Interruption.] They are set out in carbon budget 7. Actually, the cost of getting to net zero has been coming down. When I set the 80% target, the cost of getting there, according to the committee, was higher than the cost now of getting to net zero. I make the point gently that the costs of inaction are much greater than the costs of action.