Energy Generation
Debate between Nia Griffith and Mark Reckless(11 years, 7 months ago)
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Nia Griffith
No, the hon. Gentleman has had many chances to talk; I will give way only to someone who has not yet had a turn.
Tacitly encouraging more reliance on imported gas looks even more bizarre when we have huge potential here for renewables, particularly—
Mark Reckless
Gas prices are linked to oil, but we have seen in the United States that the success of shale gas has detached gas prices from oil, and gas prices are now much lower. In addition, that has helped the US to reduce its carbon emissions.
Nia Griffith
Mr Gray, I will not digress to discuss that matter, as we want to keep—fairly strictly—to the matter of decarbonisation targets, and it is absolutely vital that we get those targets now. That is because the Government’s position is that no targets will be set until 2016 at the earliest, with no guarantee then as to what those targets might be. Targets are absolutely vital for industry, because we need absolute certainty to encourage investment in low or indeed zero-carbon technologies. We want to get ahead, rather than seeing big investment in green energy components go elsewhere.
I am secretary of the all-party group on steel and metal related industry, and we see huge opportunities for the steel industry in the production of turbines for offshore wind farms and of marine current turbines. Without targets, however, we will lose those opportunities to other countries. The steel industry in this country is facing a real crisis in demand, and certainty about decarbonisation targets now would bolster investment in renewable technologies and help that manufacturing to stay in the UK.
Research by the Institute for Public Policy Research puts paid to the myth that decarbonisation will increase fuel bills. Leaving aside all the disgraceful ways in which the big energy companies exploit the consumer as a result of weak regulation, excessive profits and now, we understand, dubious taxation practices, simply looking at the price of decarbonisation, the conclusions are that increased reliance on electricity generated from gas will cost the consumer more, and that is on conservative estimates of price rises without unpredictable events. Certainty on decarbonisation targets now would be good for the future of the planet, good for manufacturing and good for the consumer.