Net Zero Review

Lord Tunnicliffe Excerpts

Thursday 1st October 2020 Lords Chamber

[Baroness Penn (Con)]

My Lords, I will take back to the Treasury the desire for the review to be as transparent as possible. I think that that is exactly the intention. We will publish an interim report this autumn. It will set out our approach to the review and will contain the analysis done to date, which will inform the final findings.

[Lord Tunnicliffe (Lab) [V]]

My Lords, in the Net Zero Review terms of reference, part 2, “Objectives”, begins:

“To consider how the transition to net zero will be funded and assess options for where the costs will fall. This will involve:”,


and then there are four bullet points, the second of which is:

“Identify mechanisms to create an equitable balance of contributions.”


Does the Minister not agree that this must mean that the issues raised by the Question asked by the noble Baroness, Lady Hayman, must be taken into account?

[Baroness Penn (Con)]

My Lords, I cannot pre-empt the findings of the review, but I can say that it will absolutely take into account the opportunities that arise from the transition, including for employment, productivity and economic growth. It will also consider just where the costs will fall and how they will be paid for.