Oral Answers to Questions Debate
Full Debate: Read Full DebateKerry McCarthy
Main Page: Kerry McCarthy (Labour - Bristol East)Department Debates - View all Kerry McCarthy's debates with the Department for Energy Security & Net Zero
(1 week, 3 days ago)
Commons Chamber
Martin McCluskey
The hon. Gentleman will know that I take a keen interest in Northern Irish politics. I spent this morning in a Delegated Legislation Committee, delivering a reduction in bills through the removal of the renewables obligation. I am more than happy to discuss further with him how the regulation of heat networks might operate in Northern Ireland.
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.
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.
The hon. Member is right about the ambition, and that is why we commissioned the independent review by my noble Friend Lord Whitehead. We will respond to that review in due course, and we are ambitious about the role that GGRs can play.
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Martin McCluskey)
My hon. Friend is a big champion of not just Bristol, but climate action more generally. Bristol is one of the trailblazing heat network cities, and its City Leap partnership is a model of what other local authorities can consider. I am pleased that we have announced nearly £35 million in this Parliament for the further development of its heat networks.