COP29

Richard Burgon Excerpts

Tuesday 26th November 2024 Commons Chamber

[Ed Miliband]

Thanks so much for the support. Let me deal with the hon. Gentleman’s questions in turn. It has always been the case that climate finance is part of the aid budget—that is not some new announcement I have made. Obviously, that is a decision that we make, along with the Foreign Office and other colleagues across Government, about the right balance of resources and where the need is greatest.

As for GB Energy, he knows that it will be headquartered in Aberdeen. We are getting on with setting it up: we have a start-up chair in Juergen Maier, and it is ploughing ahead. We have been in office less than five months, but the legislation is going through, and that will happen.

The hon. Gentleman’s second question was about Drax. The previous Government issued a consultation on that, and we will respond in the months ahead.

[Richard Burgon (Leeds East) (Ind)]

The Secretary of State was absolutely right to say at the close of the climate talks that the only way to keep the British people safe from extreme weather and economic disruption is to ensure that the world acts together. That requires funding, but it is clear that the COP in Azerbaijan did not deliver that at the scale needed. The Make Polluters Pay coalition is calling for the big oil companies worldwide, which have made grotesque profits while driving the climate crisis, to fund the required investment at home and abroad. Is that not the fair way to secure the necessary finance?

[Ed Miliband]

We obviously have to look at all these issues. These global levies and taxes are always quite complex and difficult things to make happen. We have said that we will support the idea of the maritime levy, but we need to proceed cautiously on these issues, because frankly it is important that the finance is provided, and we will obviously engage in those discussions in the months ahead.