Climate Action and Extinction Rebellion

Jonathan Reynolds Excerpts

Tuesday 23rd April 2019 Commons Chamber

[Claire Perry]

The hon. Lady is right to point out the role of local authorities. I believe that much policy is best pulled through at a local level, where it is possible to join up regeneration, transport systems, cycling and walking strategies and so on, rather than pushed out from Westminster. The young people of today—it is such a patronising phrase, isn’t it? Everybody in the UK today should be proud of the fact that we listened and 10 years ago with cross-party support passed the world’s first climate change Act. We listen in this place. We might not act as quickly as people want, or in the ways people want, but we must look at our early movement and the fact that we have led the world in decarbonisation. We are listening and we are acting.

[Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)]

Dealing with the climate emergency will require us to ensure that billions of pounds are invested in low-carbon technologies. Most of that money will come from the private sector, and must be invested in heat and transport technologies in particular. The money is there, but for it to be invested at scale will require certainty.

Since 2010, zero-carbon homes have been needlessly scrapped by the coalition Government; now that is coming back. The energy company obligation solid-wall programme lasted less than a year after it was announced. Tidal lagoons have been flirted with, and have gone nowhere. The carbon capture fund money was put up and then taken away. Onshore wind was banned entirely. The Green Investment Bank was set up, and has already been sold off. That is fundamentally why green investment in the UK is falling. Where there has been certainty—mainly in offshore wind—progress has indeed been rapid. However, it is not just the protesters but those in the financial markets who are saying that while there has been some good progress, it is just not enough. Perhaps it is time for the Government to listen to one or both of those groups.

[Claire Perry]

Many of the projects that the hon. Gentleman has mentioned were being funded entirely by Government subsidies. The Government have no money of their own; the money that they have is other people’s money. Someone has to pay—either the taxpayers and consumers who have already borne many of the policy costs, or private sector shareholders. However, the hon. Gentleman is right to refer to the importance of certainty, and policies that will stand the test of political time, such as those that we have set out now in the clean growth strategy, will secure that investment certainty. The good news is that the world is moving rapidly away from high-carbon investments, and investors are looking for opportunities that we are able to offer.