Lord Goldsmith of Richmond Park
Main Page: Lord Goldsmith of Richmond Park (Conservative - Life peer)(11 years, 1 month ago)
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I will perhaps draw my remarks to a close.
With all due respect to the Minister, one of the things that makes me most suspicious is the attitude of the greens themselves. We can offer ways of providing cheap and reliable forms of electricity without carbon. For example, nuclear power provides 70% of the electricity in France, but the greens do not want to know about nuclear power; as soon as anyone mentions nuclear power, they jump up and down in a rage. Fracking for gas has driven down not only energy prices in America but its carbon dioxide emissions. America is one of the few leading countries in the world to have reduced CO2 drastically, because it is fracking for gas, instead of getting coal. As a result, manufacturers are now looking to relocate to the United States of America. Surely that is something that the greens should be pleased about.
Yes. I thought my hon. Friend might want to intervene on that point.
I have heard what my hon. Friend has said with interest. He has a history of support for nuclear power, but can he provide a single example from the past 20, 30 or 40 years of a nuclear power plant being built, anywhere in the world, without the use of public subsidies?
I do not argue that nuclear is the cheapest form of electricity generation, but it does generate electricity without carbon dioxide emissions. A recent report by the Royal Academy of Engineering suggested that nuclear power was certainly cheaper than offshore wind and probably cheaper than onshore wind. No one is arguing that nuclear is the cheapest form of electricity. If we want cheap electricity, we can burn coal; we have loads of it in Wales. There is no problem getting cheap energy; the trick, to keep everyone happy, is cheap and reliable energy without carbon dioxide emissions. Nuclear is one way of achieving that, fracking and using gas is another, while yet another way might be a Severn barrage, although I am not sure whether the economic case stacks up. A barrage could certainly generate a large amount of the UK’s electricity without any carbon dioxide emissions, but what is the response of Friends of the Earth? They are all running around worried about natterjack toads. They are not living on the real planet.
With all due respect to the Minister—he is a Conservative, as I am, and he understands how the free market works—it makes no economic sense for him to be subsidising industries that are uneconomic and punishing industries that are economic. The Minister need not think that any of those policies will win him friends in the green lobby. Whatever he does—he could cut CO2 by 80%, 90% or 100%, but it would make no difference—those people are not his friends. They will never support him. They are the same ban-the-bomb, left-wing socialists whom we remember from the 1980s and 1990s, and they have reinvented themselves in this environmental guise, because it is about the only way in which they can impose their economic world view on an unwilling populace.
I hope that the Minister will put my questions to the Met Office, or give us answers today. I urge him, however, in the light of all the evidence that has come out about the lack of any change in temperature over the past 15 years, to think again about the Act and to revoke it, amend it and support home owners and British businesses.