Lord Soley
Main Page: Lord Soley (Labour - Life peer)
Baroness Verma
My noble friend is absolutely right to say that we need to ensure that there is certainty for investors. The Energy Bill, which is to come to your Lordships’ House next week, will set out exactly what the Government are doing through the electricity market reform project. We are working hard to ensure that there is certainty in the renewables sector and we are on target to meet our carbon emissions reduction goals. I think that noble Lords will find, during the passage of the Bill, that this Government plan to be one of the greenest Governments because of the measures they are currently taking.
Lord Soley
My Lords, I understand the interest in international agreements, but is there not an important factor here in the form of the science and technology sector, which is talking increasingly about extracting carbon from the atmosphere? Will the Government continue to give major support to the scientists and technologists who are working on the extraction of carbon, which is now being discussed increasingly as an option?
Baroness Verma
My Lords, the noble Lord has made an important point; it is one that has a great deal of technical and scientific evidence behind it. If the noble Lord will allow me, I will give a more detailed answer in writing and I will place a copy of that response in the Library.