Thursday 24th November 2022

(2 years, 1 month ago)

Lords Chamber
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Lord St John of Bletso Portrait Lord St John of Bletso (CB)
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My Lords, I am grateful to my noble and right reverend friend Lord Harries for introducing this topical debate and join in congratulating the noble Lord, Lord Leong, on his most impressive maiden speech and his commitment to the work of your Lordships’ House with his vast experience.

I have to say that I have mixed emotions after this conference. My son, who is a climate change management consultant, was in Sharm el-Sheikh for the entire two weeks so I had a daily update on what progress was being made, and particularly on what progress was not being made. On the one hand, it was good news that the nations historically responsible for the climate crisis agreed to pay for the loss and damage that it is causing, particularly to less-developed countries. This is a huge step forward for justice. It is well known that Africa accounts for less than 4% of global greenhouse gas emissions but suffers from some of the worst impacts of climate change, from flooding to increased droughts and reduction in access to clean water, as well as food insecurity.

On the other hand—the negative—it was exasperating that, yet again, there was no tangible progress on emissions reductions and insufficient action to keep within the immediate 1.5 degrees centigrade global temperature rise. My noble and right reverend friend Lord Harries was right when he said that the 1.5 degrees centigrade target is us simply being on life support. If the global temperature rises to in excess of 2 degrees—figures have been raised of us potentially going irreversibly to 2.4 degrees—the Arctic is likely to keep melting and there will be flooding as a result in many parts of the world, which the noble Lord, Lord Desai, raised, and the coral reefs will continue to die.

Sadly, the loss and damage costs will inevitably come to exceed the ability of any group of countries to pay for them, and of nature to regenerate. One of the key points I want to make is that the 2 degrees increase in global temperature is not a target. It is a scientifically proven point of no return. I noted the comments of the United Nations Secretary-General at the start of the conference when he said:

“We are on a highway to climate hell with our foot on the accelerator.”


Despite the ambitious climate targets made at COP 26 in Glasgow last year, the Global Carbon Project reported that carbon emissions from fossil fuels hit a new record high this year and that they are on track to increase by 1% every year. The World Benchmarking Alliance found that 40% of financial situations disclosed long-term net-zero targets but only 20% acknowledged this impact. Renewables account for only 80% of new power generation capacity in 2021 but comprise only 4% of the global energy mix. It is well known that energy demand is expected to grow by 6% globally every year.

We are transitioning, but not fast enough. McKinsey estimates that to reach net zero by 2050, $275 trillion of investments will be required. That equates to $9.2 trillion a year. Clearly, the question is: where will this investment come from and how will the world be able to achieve a “just transition” to one that brings maximum energy to the planet with minimum emissions and, I hope, allows the underdeveloped world to see the standards of life that we see here in the West? While I warmly welcome our Government’s Ten Point Plan for a Green Industrial Revolution, can the Minister tell us what is being done to embrace new technologies and new innovations to achieve the objectives? This question was raised by the noble Lord, Lord Howell, and my noble friend Lady Worthington.

By way of example, algae when used in conjunction with AI-powered bioreactors is up to 400 times more efficient than trees at removing CO2 from the environment. I welcome the initiatives of the Centre for Climate Repair in Cambridge, spearheaded by Sir David King, who was the Chief Scientific Adviser to four of our recent Prime Ministers. The centre is working on projects with the potential to remove at least 1 billion tonnes of CO2 from the atmosphere per year, such as refreezing the Arctic by marine cloud brightening and marine biomass regeneration. I hope also that the Minister can give us more encouragement on what is being done in order to transition to more nuclear power in the UK.

When addressing climate change, we need to differentiate between mitigation and adaptation. It is clear that, with rising global emissions and a lack of policy consensus on how to reduce emissions, this COP has been a failure in the mitigation agenda, with a lack of a global road map for how to move forward. However, it has been heralded as a success in the adaptation agenda, helping the world to adapt to the consequences of climate change which are being felt, sadly, by many underdeveloped countries, including, I might mention, many countries in Africa, where I have a special interest.

We need to transition to a balance between mitigation and adaptation. On the positive side, one of the successful breakthroughs at the conference, which no one has so far mentioned in the debate today, was in the building sector. I understand that the global building sector accounts for 37% of global emissions. Countries and companies, both public and private, at the conference committed to transitioning to a net-zero building target with investment in green cement and tighter regulations. I notice that the noble Lord, Lord Birt, earlier was speaking about the call for decarbonisation of homes and buildings. Clearly, there has been a commitment and I hope there will be some follow through on this.

In conclusion, while I had mixed feelings about the successes and failings of the conference, I welcome the public and private sectors working together. The UK can, and simply must, do more to lead the global green transition and become a leading example of positive change.