(2 years, 5 months ago)
Lords ChamberI would need to look at the details of the noble Lord’s amendment before giving him an answer. As the Climate Change Committee recognises, the net zero strategy is a comprehensive plan for meeting our climate targets, which outlines measures to transition to a green and sustainable future, helping businesses and consumers move to clean power. We think we are on strategy; as I said, we will look closely at the judgment and decide whether or not to appeal.
My Lords, one of the problems is that the Government have been very good on targets but much less good on delivery. Can the Minister comment on the view of the former Chancellor, Rishi Sunak, that we should not relax the restraints on onshore power or encourage it? Is that how we will achieve delivery against these targets?
I think the noble Lord is wrong in his first statements; we have so far met, or indeed exceeded, all our carbon budgets and we are on track to meet the latest one. This is a reference to a carbon budget in 12 or 17 years’ time, so of course we will look closely at the implications of the judgment. On the noble Lord’s question, we have said that we are not against the expansion of onshore wind, but we will need to do it in close co-operation with, and with the support of, local communities. Meanwhile, as he will be aware, we have massively expanded the ambition of our offshore wind, which during the latest contracts for difference round is now coming in at record low prices.
(2 years, 5 months ago)
Lords ChamberThe noble Baroness makes an important point; these are long-term decisions. Most energy policy decisions are longer term, as it takes many years to bring on stream new energy infrastructure projects in whatever field we are looking at. In the short term, however, the answer to the noble Baroness’s question relies principally on renewables: we are advancing the hydrogen strategy and accelerating the rollout of offshore wind, which has proved immensely successful. In this country, we have the second-largest offshore wind capacity in the world and it is a world-beating industry.
Could the Minister confirm whether the Government consider regulated asset base—RAB—funding appropriate for something as experimental as these small reactors?
We have not made a decision on the relevant business case model—it could be either the RAB or the CfD model—but we will consult on this shortly.