Green Investment Fund Debate

Full Debate: Read Full Debate

Lord Berkeley

Main Page: Lord Berkeley (Labour - Life peer)

Green Investment Fund

Lord Berkeley Excerpts
Wednesday 2nd September 2020

(4 years, 3 months ago)

Lords Chamber
Read Full debate Read Hansard Text
Baroness Penn Portrait Baroness Penn (Con)
- Hansard - - - Excerpts

I am afraid I do not have a date for the noble Lord for the response to that consultation, but I can say that at Spring Budget 2020 the Government announced at least £800 million to support this sector in two industrial clusters. We aim to have the first one up and running by the mid-2020s.

Lord Berkeley Portrait Lord Berkeley (Lab) [V]
- Hansard - -

My Lords, will the Minister use this opportunity to commit the Government to phasing out any further support for the aviation and motor sectors by the end of this financial year unless they obtain legally binding commitments from the companies concerned that are firmly and transparently tied to achieving our zero-carbon targets? If she will not do that, can she explain why not?

Baroness Penn Portrait Baroness Penn (Con)
- Hansard - - - Excerpts

Of course the Government want to support business and industry during this difficult time. We do not see a tension between getting our economy back on its feet now and meeting our longer-term targets on climate change action.