Kerry McCarthy
Main Page: Kerry McCarthy (Labour - Bristol East)
Mr Davey
I do not think there is a dichotomy of policy. One of the key issues in the 2030 package that we are negotiating is reform of the EU emissions trading system to send a carbon signal that everyone had expected under the 2008 deal, which has failed to come through. It is right to proceed with this reform. I am proud that Britain is leading in Europe on the ambitious climate change package that is vital to tackle climate change.
Kerry McCarthy (Bristol East) (Lab)
I welcome the Secretary of State to Bristol tomorrow for Big Green week. I think we will be having dinner together. [Hon. Members: “Ooh!”] The shadow climate change Minister will be there, too!
While I welcome the UK’s support for more ambitious carbon targets, surely Britain cannot credibly be described as “leading in Europe” if we do not support Germany’s renewables target—of 30%, which would be binding on national states. The previous 20% target gave a huge boost to the renewables sector in this country, so I urge the Energy Secretary to think again and support Germany’s plan.
Mr Davey
I am looking forward to dinner on Friday night. I did not realise it was in my diary, so I had better confess it to my wife.
The renewables target for 2020 was a very sensible one; it was needed to bring an immature industry forward, but I do not think it is needed for 2030. What is most important for 2030 is having an ambitious greenhouse gas reduction target. That is what we need to tackle climate change, and we need to do it in a technology-neutral way, which enables carbon capture and storage, energy efficiency and all low-carbon technologies to come through. I think that is the greenest approach.
Kerry McCarthy (Bristol East) (Lab)
T1. If he will make a statement on his departmental responsibilities.
The Secretary of State for Energy and Climate Change (Mr Edward Davey)
In advance of our dinner tomorrow night, let me tell the House that in May, in response to the crisis in Ukraine, the G7 and the European Union re-evaluated our energy security plans and agreed a new approach that would strengthen our long-term energy security. The United Kingdom is rated the most energy secure country in the EU. To maintain this position, we are pressing forward with the diversification of our energy supplies.
In April, we announced £12 billion of investment in renewable energy projects, supporting 8,500 jobs under the final investment decisions enabling process, which is resulting in the development of offshore wind, coal-to-biomass, and dedicated biomass for combined heat and power projects.
To address short-term capacity issues, this month National Grid announced demand-side balancing reserve measures that will ensure that the risk of disruption remains at very low levels. Energy efficiency is also a key part of energy security, and in June we announced new energy efficiency funding worth £540 million over three years, including boosting cash-back offers under the green deal.
Kerry McCarthy
At Copenhagen, world leaders made commitments to the creation of a green climate fund and to mobilising $100 billion a year of climate finance by 2020. However, it is not clear how much progress has been made in securing this funding, and developing countries have said that they cannot set their emission targets until they know. Will the Minister please tell us what is going on?
Mr Davey
That is a very important question. We are one of the world leaders in promoting international climate finance, and we very much support this fund. It has taken a while to get together to finalise the arrangements. Some real progress has been made in recent weeks, at long last. We hope that countries will start pledging to the fund at United Nations Secretary-General Ban Ki-moon’s summit in November or at the UN framework convention on climate change talks in Lima in December. It is also important that we have private climate finance. Only last week, the Minister of State, my right hon. Friend the Member for Bexhill and Battle (Gregory Barker), brought together many people to ensure that there is private money to help to get to the $100 billion target.