Jackdaw and Rosebank Oil and Gas Fields
Debate between Katie White and Kerry McCarthy(2 days, 9 hours ago)
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Katie White
I thank the right hon. Gentleman for his thoughts. Oil and gas will be part of our energy mix, and the environmental impact assessment that is taking place will take account of Scope 3 emissions. He is right to mention, as others have, that the North sea offers opportunities in both clean energy and fossil fuel energy, and we need to think about it in a holistic sense.
Kerry McCarthy (Bristol East) (Lab)
Personally, I cannot see that Rosebank is compatible with meeting our climate objectives, but I recognise that the process should be followed. Green Alliance has reported that the gas being wasted in the North sea would be enough to heat 570,000 homes. It has been over a year since the Government issued a methane action plan—I think the Minister took it over from me. Methane is more than 80 times more powerful than CO2 in the short term, so what are we doing to reduce venting and flaring in the North sea?
Katie White
I thank my hon. Friend for all her work on this, not only in her previous role, but before she came to this place and throughout her time here. I am grateful for her awareness of the process. She raises an important point about methane: it is a very potent greenhouse gas, and reducing venting and flaring would represent a cost and efficiency saving. We should be using our energy efficiently. I am meeting with international colleagues in the coming weeks to discuss the issue, but we are also working on this domestically. I appreciate her raising that point, and we will continue to work on it.
Oral Answers to Questions
Debate between Katie White and Kerry McCarthy(3 months ago)
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Kerry McCarthy (Bristol East) (Lab)
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Katie White)
May I pay tribute to my hon. Friend for her leadership on this issue? The UK is a global leader on carbon pricing and nature recovery. We are committed to strengthening carbon markets to help us achieve our climate and nature goals. At London Climate Action Week, we will set out our work to centre integrity and build scale in these markets through the coalition to grow carbon markets, and the consultation response will be published later this year.
Kerry McCarthy
I thank the Minister for her response, and I welcome the UK’s leadership. Investors are concerned that the role of nature-based solutions in carbon market frameworks is not being fully recognised. With London Climate Action Week fast approaching, can she reassure investors that the Government see nature-based solutions as crucial to our collective efforts to tackle climate change, and that we will pursue this endeavour during upcoming article 6 negotiations?
Katie White
I assure my hon. Friend and investors that nature-based solutions are central to our response to this issue. London is the centre of carbon markets, and we want to protect that. We have been focusing on the coalition to grow carbon markets, which we will work on at London Climate Action Week, but I would love to work with her to make sure that we give reassurance, act with integrity and come forward with the necessary proposals.