State of Climate and Nature Debate
Full Debate: Read Full DebateJoe Morris
Main Page: Joe Morris (Labour - Hexham)Department Debates - View all Joe Morris's debates with the Department for Energy Security & Net Zero
(1 day, 15 hours ago)
Commons ChamberI have read the report, and the bit that the hon. Gentleman did not mention is where it says that if we end up in a 3°C world, we will add 56% of GDP to net debt. That is the cost of inaction. This is the point. Nick Stern—Lord Stern—produced a report in the 2000s which said that the costs of inaction were greater than the costs of action. This Office for Budget Responsibility fiscal risks report sets out very clearly that we will lose 8% of our GDP by 2070 if we do not act. Of course there is a cost to acting, and the report sets out different scenarios for public and private investment, but the evidence in that report could not be clearer about the costs of inaction, and they are far greater than the costs of action.
I was privileged to host a net zero roundtable in my constituency involving many people from a wide variety of backgrounds, who were all appalled to see net zero becoming a political football and part of an ongoing culture war on the right. Will the Secretary of State join me in recognising the important work of organisations such as Humshaugh Net Zero and the North Tyne climate action group in bringing together widespread support for net zero, bringing it into our communities and embedding it across the body politic?
My hon. Friend is a great champion for Hexham and it is with great pleasure that I recognise the role of those groups. He and I have talked on a number of occasions about the importance of climate action to so many of his constituents, and I look forward to working with him on these issues in the months ahead.