SMEs: Net-zero Targets

Lord Forsyth of Drumlean Excerpts

Wednesday 7th June 2023 Lords Chamber

[Lord Callanan (Con)]

Of course it will vary depending on the type of business. Many businesses are already working in green areas. A lot of them are involved in retrofitting. On the other hand, some of them are very energy intensive. There are different solutions for different businesses.

[Lord Forsyth of Drumlean (Con)]

My Lords, given that their competitors in Germany and elsewhere are extending the deadline for ending the production of motor cars with internal combustion engines, are we not in danger of making our large car manufacturers into small and medium-sized enterprises as they are being forced to reduce production, with great consequences for employment and competitiveness?

[Lord Callanan (Con)]

I normally agree with my noble friend, but I do not on this solitary occasion: I think he is wrong. Other major economies, including the EU, are essentially doing a similar job—they have made a couple of small exceptions to the ban with things such as novel fuels. Providing certainty for industry and business is the direction they need to go in. Supporting them in the appropriate areas, ensuring that the right gigafactories are completed in the UK, is the way to go, in my view.