Carbon Capture Usage and Storage
Debate between Peter Bottomley and Anna Turley
Anna Turley
I appreciate the right hon. Gentleman’s point. I understand that, after losing those two projects, any Government will have to carry out a cost-benefit analysis, and expenditure was one of the issues that was raised. We know that CCUS projects today are already much cheaper than those involved in the previous competitions. At that point, the cost was between £1 billion and £2.5 billion, but the cost of the projects coming through today is well under £500 million. That is a result of the learning that we have done in that time. I believe that CCUS will play an essential part in meeting our climate change targets. All the evidence, particularly that of the Committee on Climate Change, shows that if we do not deploy CCUS, the cost of meeting our targets will double. The Energy Technologies Institute estimates that the cost would rise from 1% of GDP to 2% of GDP, so the question is not whether we can afford to do this but whether we can afford not to do so.
Sir Peter Bottomley (Worthing West) (Con)
I should like to follow the question from my right hon. Friend the Member for Wokingham (John Redwood). The House will understand what the hon. Member for Redcar (Anna Turley) has been saying, which is summarised in paragraph 32 of the report and in paragraph 10 on page 28 of the conclusions. It is important to realise that if we had judged town gas when it was first generated in Marsham Street, we would never have had a national network of pipelines and the resulting benefits for most consumers. May I also remind the House, through the hon. Lady, that it has been stated, rather inaccurately, that politicians have got away with not doing anything to fight the climate crisis and the ecological crisis for too long. That is wrong, as the Committee has shown. This is also illustrated by the fact that more than half our electricity has been generated totally by non-carbon-generating systems in the past few weeks.
Anna Turley
The hon. Gentleman is absolutely right to say that huge steps have been made, but it is clear that we are in a climate emergency and that every step we can take will have an impact. We have a huge opportunity here for the UK to lead the way globally on a vital technology that can really help us to establish our climate credentials, meet the targets to which we are committed and create huge amounts of investment, jobs and opportunities in new green industries and technologies in areas such as mine. I am delighted to support this.
Bills Presented
National Insurance Contributions (Termination Awards and Sporting Testimonials)
Presentation and First Reading (Standing Order No. 57)
The Chancellor of the Exchequer, supported by the Prime Minister, Secretary Amber Rudd, Secretary Greg Clark, Elizabeth Truss, Mel Stride, Robert Jenrick and John Glen, presented a Bill to provide for Class 1A national insurance contributions on certain termination awards; and to provide for the controller of a sporting testimonial to be the person liable to pay Class 1A national insurance contributions on payments from money raised by the testimonial.
Bill read the First time; to be read a Second time on Monday 29 April, and to be printed (Bill 381) with explanatory notes (Bill 381-EN).
Non-Domestic Rating (Preparation for Digital Services) Bill
Presentation and First Reading (Standing Order No. 57)
Secretary James Brokenshire, supported by the Prime Minister, Mr David Lidington, the Chancellor of the Exchequer, Secretary Greg Clark, Mel Stride and Rishi Sunak, presented a Bill to make provision enabling the Commissioners for Her Majesty’s Revenue and Customs to incur expenditure in connection with digital services to be provided by them for the purpose of facilitating the administration or payment of non-domestic rates in England.
Bill read the First time; to be read a Second time on Monday 29 April, and to be printed (Bill 382) with explanatory notes (Bill 382-EN).