International Climate Action

Lord Soley Excerpts

Thursday 26th September 2019 Lords Chamber

[Lord Duncan of Springbank]

My Lords, debt cancellation is not a new idea. It has had some currency and traction in the past. It is an area that bears further consideration. Going forward, we should not shy away from looking at it. It would have to be done very carefully. How to address this in the short term might be more challenging.

[Lord Soley (Lab)]

My Lords, I am happy to congratulate the Government on their achievements so far. This country is a leader—I accept that. However, even if we achieve everything we have said by 2050 and other countries do as well, we will still have a crisis on our hands. Research and development is now going on in a number of research institutes and universities into how we can take these emissions out of the atmosphere. Frankly, without that, we will be in trouble later in this century. As a next step, might the Government consider whether the UK institutions and universities could take a lead on bringing together organisations from a number of countries to start developing some of the techniques that are already known, but are in the very early stages of development, in order to take these carbon gases out of the atmosphere.

[Lord Duncan of Springbank]

The noble Lord is right that the challenge will not be addressed on a global scale even if we were to achieve net zero in this country tomorrow, because we are responsible for around 1% of all climate-related emissions. There is clearly much more to be done by others. The atmospheric sequestration of greenhouse gases is an important area. I am less familiar with research on that, but I will enquire further into it and will write to the noble Lord with my findings. I would certainly hope that every possible avenue can be explored to ensure that we are able to address this global challenge.