(5 years, 8 months ago)
Commons ChamberI thank my hon. Friend for his work on behalf of the CPA. He highlights the deep links between Parliaments that help to strengthen the Commonwealth. Having the opportunity to celebrate Commonwealth Day, with Her Majesty attending the service in Westminster Abbey and all the flags in Parliament Square, helps to follow what we achieved last year with the hosting of the CHOGM in focusing the minds of this country’s young people on the range of ways in which we have strong links with our Commonwealth friends around the world.
We have heard a lot about the connections between the United Kingdom and the rest of the Commonwealth, and on Commonwealth Day we look forward to some of the opportunities for renewable energy. In April, India will start its first geothermal energy plant, which provides a fantastic opportunity for India to showcase new technology. What are we doing to support such projects, what learnings can be used back here, and what knowledge can be shared between countries around the Commonwealth to strengthen renewable energy in India, the United Kingdom and the rest of the Commonwealth?
That is a great question, and I appreciate the update on the Indian project. I do not know what specific input the UK has had, but there may well be some expertise involved. My hon. Friend will be aware that the UK hosted an event last week for African Energy Ministers, some of whom were from the Commonwealth, about renewable energy investment. The City of London, as a leader in green finance, has already seen over 70 bonds listed on the stock exchange in seven different currencies, raising some $25 billion towards green projects such as the one my hon. Friend mentioned.