(8 years, 11 months ago)
Commons ChamberI am jealous of the time the hon. Gentleman is taking off me, and I will allow the Secretary of State for Environment, Food and Rural Affairs to respond on that point. I wish to make some progress, so that I can cover the interesting comments made by other Members.
With a global agreement, we signal to business that this is a definitive turning point. Business is crucial for delivering on our ambitions, as my hon. Friend the Member for Beverley and Holderness (Graham Stuart) ably set out. He was in Paris over the weekend, leading with GLOBE International, where he was accompanied and supported by my hon. Friend the Member for Thornbury and Yate (Luke Hall). We know that in isolation, cuts to Britain’s own greenhouse gas emissions, which comprise just 1.2% of the global total, would do little to limit climate change. Our most important task therefore is to provide a compelling example to the rest of the world on how to cut carbon while controlling costs. The hon. Member for Aberdeen South (Callum McCaig) has many spending commitments to recommend to us, but no more. In a tight spending review, he should welcome at least the increase in the renewable heat incentive budget. We are committed to meeting the UK’s 2050 target. We are on track for our next two carbon budgets, and we will be setting out our plans for meeting the fourth and fifth carbon budgets next year. My hon. Friend the Member for Warrington South (David Mowat) questioned the fairness of the EU target of a 40% reduction by 2030, and I share his concern to ensure that it is fair. I can reassure him that we will be addressing that when we approach the effort sharing decisions next year.
We need to get the right balance between supporting new technologies and being tough on subsidies. When costs come down, as they have for wind and solar, so, too, should support. I share the enthusiasm of my hon. Friend the Member for Wells (James Heappey) for solar, but we will also always look after the bill payer. That is why I have announced that we will support and accelerate the cost reduction also being seen in offshore wind by making funding available for a further three auctions during this Parliament. That and other measures, such as supporting new nuclear and gas-fired power stations to provide a lower carbon base load, could provide us with the energy security we need to close unabated coal. We have also committed to double spending in clean energy research and development, so that by 2020 we will be spending in excess of £400 million. That is in recognition of the fact that we will tackle climate change only if we find technologies that are both clean and cheap.