Oral Answers to Questions

Matthew Patrick Excerpts

Tuesday 18th March 2025 Commons Chamber

[Kerry McCarthy]

It is always a pleasure to answer questions from the hon. Member. We remain committed to international climate finance, and to the new climate finance goal agreed at COP29. The level of the UK’s contribution will be considered in the spending review, when we will also consider how we can maximise investment from the private sector.

[Matthew Patrick (Wirral West) (Lab)]

9. What steps he is taking to support the development of carbon capture and storage technology.

[Richard Baker (Glenrothes and Mid Fife) (Lab)]

19. What steps he is taking to support the development of carbon capture and storage technology.

[The Secretary of State for Energy Security and Net Zero (Ed Miliband)]

The £21.7 billion of funding to which we committed in October will kick-start the carbon capture, usage and storage industry, supporting thousands of jobs in our industrial heartlands through the east coast and HyNet clusters. We continue to engage with important future projects, such as Acorn in Scotland and Viking in the Humber, and we will make further announcements following the spending review.

[Matthew Patrick]

As my right hon. Friend will recognise, Merseyside is a clean energy pioneer, a hub of carbon capture and hydrogen technology. The climate emergency is the challenge of our generation, and that challenge will be met only through the collective endeavour of communities across our country, including mine in Wirral West. How are the Government helping our communities to deliver good, local energy projects?

[Ed Miliband]

My hon. Friend is entirely right about this. We have learned over the last decade and more that this is the biggest jobs opportunity of the 21st century. Nowhere is that more true than in the investments we are making in carbon capture, usage and storage, and I am confident that my hon. Friend’s constituents will benefit. A couple of weeks ago, the Confederation of British Industry produced an important report that showed that last year, the net zero economy grew three times faster than the economy as a whole. The House should let that sink in, because it tells us that if we turn our back on the net zero economy, we turn our back on business, jobs and investment.