Green Investment Debate
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Lord West of Spithead
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Green Investment
Lord West of Spithead Excerpts(1 year, 8 months ago)
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Lord Callanan (Con)
I do not agree with the noble Lord. There are reasons why the US adopted its policy —investment, which we welcome, into green renewable energy, et cetera. Of course, the US is starting from an awfully long way behind the UK. One of the reasons it has to put in such large subsidies is that it has not provided the long-term legislative certainty that we have.
Lord West of Spithead (Lab)
My Lords, mention of rocks dropping into harbours by the noble Lord, Lord Hannan, brings to mind ships. On protectionism, what is our view of the latest legislation being passed by the EU, which seems to indicate that defence procurement will be from countries remaining in the EU and not go more widely?
Lord Callanan (Con)
The noble Lord is always ingenious at getting defence and ships into every Question. I would need to speak to my Ministry of Defence colleagues for their response to that.