Climate Agenda

Lord Strathcarron Excerpts

Thursday 24th October 2024 Lords Chamber

[Lord Strathcarron (Con)]

My Lords, I too am grateful to my noble friend Lord Lilley for securing this debate. The main impact of the Government’s climate agenda is to import pollution and to export jobs, growth and prosperity, and the two are directly linked.

Turning first to importing pollution, since 1990 our share of CO₂ emissions embedded in imports has risen from just over 10% to nearly 50%. The very fact that we import half our emissions should give us pause for thought, but, unfortunately, we are moving in the opposite direction. The decision to cease all new oil and gas licences can only mean that, in future, we will need to import even more oil and gas to make up for our own self-induced shortfalls.

Whether we like it or not, fossil fuels are here to stay for the foreseeable future. Even the Government’s own assessment suggests that, by 2040, the demand for natural gas will decrease by only 4%. This simply means that any domestic reduction in emissions will be made possible only by offshoring the production, and of course the jobs, to other countries. Furthermore, the imported fuels will need to be liquefied—itself a polluting process, alongside the emissions caused by shipping them here—and then there is further pollution from processing them after they have landed here.

While Ministers may be able to stand up at international conferences and proudly proclaim that our domestic emissions have reduced, these same policies have in fact only contributed to increasing global emissions. One might say that, as we produce only 1% of the world’s emissions, it does not really matter and that the gesture is more important than the reality. However, it is a mighty counterproductive gesture with a direct, negative impact on our standard of living and quality of life.

Turning to jobs, growth and prosperity, as has been well publicised, the UK now has the highest industrial electricity prices in the developed world, which is directly caused by artificially penalising industrial and domestic consumers with subsidies for renewable energy, carbon pricing and the extra infrastructure costs as a direct result of the policy. The OBR suggests that subsidies for renewables will add £12 billion to our bills for this year alone—and it will only get worse as we factor in future renewable subsidies and the £100 billion grid upgrade needed for decarbonisation.

To give an indication of the wishful thinking by net-zero advocates, in 2014 the current Secretary of State for Energy promised 1 million new green jobs. The outcome is somewhat less impressive. Since then, official government data shows an increase in employment in the low-carbon sector of just 40,000. Against this must be offset the manufacturing jobs we have already lost in other sectors. Moreover, there will surely be many more to come, not least in the steel and oil and gas sectors. We now have the worst of all worlds: high taxes to pay for job losses.

The other great beneficiary of all this wishful thinking is China. It is now the world leader in two seemingly contradictory energy policies: green energy, by securing the global supply and demand lines for lithium-ion batteries, solar panels and wind farm components; and brown energy, by building the equivalent of two coal-powered power stations a week. However, the Chinese famously take much a longer-term view of events than we do. They would agree that, due to recent advances in paleoclimate science, we know that over the last 400 million years the earth’s climate has been changing constantly and often dramatically. Relatively speaking, we are now in one of its cooler periods—the late Cenozoic ice age—meaning that we are at the tail-end of a 50-million-year cooling period.

On our own continent, even very recently we can see climate change in action. In Roman times, it was far warmer than it is now, followed by a brutal cold period in the Dark Ages. Then came the medieval warm period, when vines were growing even in Scotland. That was followed most recently by an especially cold period called the “little ice age”, the coldest period in the last 10,000 years. The statement we heard today that 2023 was the hottest year on record is quite simply not true—far from it.

This long-term view of the earth’s climate changes puts the whole net-zero delusion into a much greater perspective. It suggests that we are taxing and bankrupting ourselves domestically for absolutely minimal global benefit, if any. This whole worldview of climate change should be the subject of another debate, and a very fruitful one it would be too.