Oral Answers to Questions Debate
Full Debate: Read Full DebateLord Johnson of Marylebone
Main Page: Lord Johnson of Marylebone (Conservative - Life peer)Department Debates - View all Lord Johnson of Marylebone's debates with the Department for Business, Energy and Industrial Strategy
(6 years, 8 months ago)
Commons ChamberThe UK was the first country to introduce legally binding emissions reduction targets through the Climate Change Act 2008. We have made excellent progress towards meeting our targets: we met our first carbon budget and are on track to exceed the second and third.
The clean growth plan has been broadly and warmly welcomed. Low-carbon innovation is at the very heart of our approach to our industrial strategy, with more than £2.5 billion of Government investment from 2015 to 2021.
The Labour manifesto in the summer committed to 60% of our heat and power being produced from zero-carbon or renewable energies. When will the Government match that ambition from the Opposition?
Our clean growth strategy is rightly ambitious, and the Climate Change Act allows us to be flexible in our means of achieving the goals that we have set out. As I have just said, we are ahead of our targets on the second and third carbon budgets.
In the recent Budget the Treasury, I assume following consultation with the Minister’s Department, pulled the plug on all future support for renewable energy deployment except for the already allocated near-term support for offshore wind. Does the Minister himself support such action, and does it help or hinder the UK’s progress towards meeting its carbon reduction targets?
As I have said, our position is that we have met our first carbon target, and we are on track to exceed the second and third. The Government are taking this agenda exceptionally seriously. In fact we are leading the world on it, having legislated with the Climate Change Act and put clean growth at the very heart of this country’s industrial strategy.
UK participation in Horizon 2020 has held up remarkably well since June 2016. We remain one of the strongest performers across the EU system. As the hon. Lady will have seen, last Friday’s joint report between the Commission and the UK Government painted a very positive outlook for our continued participation in this valuable programme.
Yes, indeed. Cambridge is leading the way in this respect, as in many others. We want to see more collaboration between our universities and the world of business to drive commercialisation and to make the most of the R and D we are investing in.
It is good news that the Prime Minister is attending President Macron’s summit on climate change in Paris today, but may I warn the Secretary of State that President Macron is positioning Paris as the world’s leader in green finance? To tackle that threat and to protect London, Ministers must back the Bank of England’s taskforce on climate-related financial disclosures and bring in new mandatory corporate requirements on fossil fuel assets.