Energy White Paper
Debate between Rebecca Long Bailey and Lord Sharma(3 years, 10 months ago)
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Alok Sharma
The hon. Gentleman makes an important point. As part of the 10-point plan and the White Paper, we have talked about how we can level up across the country. I know that my hon. Friend the Minister for Business, Energy and Clean Growth will be happy to have further discussions with him. As I said, he has been working incredibly hard on the hydrogen strategy, and we are happy to hear from all colleagues.
Rebecca Long Bailey (Salford and Eccles) (Lab) [V]
The European Commission is mobilising €1 trillion, and President-elect Biden will mobilise $2 trillion, but the UK saw only £12 billion for its green industrial revolution. Issuing yet more consultations, scant detail, repackaged announcements and bluster today about unleashing competition is simply not enough to tackle the climate emergency and fuel poverty. With the energy White Paper still leaving a huge gap of 101 million tonnes between meeting our 2032 carbon target, what is the Secretary of State going to do to close that gap?
Alok Sharma
As the hon. Lady talks about what is happening in the US, I should point her to the very supportive comments that former Vice-President Al Gore made over the weekend about the work that the UK is doing. It is not just about public money. She is fixated with the idea that it is just taxpayers who fund this stuff. The whole point is to ensure that we have revenue models and mechanisms whereby the private sector can invest. If she wants to see how this is done, she should look at the offshore wind sector, which was nascent a few years ago. We have introduced the contracts for difference process. We now have the biggest offshore wind sector in the world. That is how to do it: public and private sector working together.