Oral Answers to Questions

Scott Benton Excerpts

Wednesday 20th April 2022 Commons Chamber

[Steve Brine (Winchester) (Con)]

3. What progress he plans to make on tackling climate change in his COP26 presidency year.

[Scott Benton (Blackpool South) (Con)]

12. What assessment he has made of the potential effect of the Glasgow climate pact on tackling climate change.

[The COP26 President (Alok Sharma)]

Countries made significant commitments at COP26 on emissions reductions; finance and support for developing nations; and adaptation, loss and damage. We are continuing to press countries to deliver on their promises. Together with the COP27 presidency of Egypt, I will next month be co-chairing a meeting of a representative group of Ministers from around the world, hosted by the Danish Government, to take stock of progress on the delivery of the Glasgow climate pact.

[Alok Sharma]

I very much enjoyed my visit to Winchester and I commend my hon. Friend for all the work he does in his local community. We had some excellent questions from the very many young people at the event and they were positive in their outlook. In the planning for COP26, and in the country visits I continue to make, listening to the views of young people has been invaluable. That is why in the Glasgow climate pact we have urged countries actively to involve young people in climate change processes.

[Scott Benton]

As the Minister knows, the UK accounts for only 1% of global carbon dioxide emissions, yet the steps we are taking to combat climate change will cost businesses and the Government untold billions. Does he agree that while the UK does what is perceived to be the right thing, it is highly likely that other nations will miss climate targets and that the enormous expense and impact on our own economic competitiveness will all be in vain?

[Alok Sharma]

Tackling climate change is the right thing to do and it is also economically the smart thing to do. That is why at COP26 we had $130 trillion of private sector money signed up to net zero. It is why our presidency has managed to persuade 90% of global GDP to sign up to net zero. It is why our net zero strategy talks about many hundreds of thousands of jobs and billions of pounds of inward investments. My hon. Friend talks about costs, but I just say to him: look at what the Office for Budget Responsibility estimates as the unmitigated cost of climate change. We are talking about almost 300% debt to GDP by the end of this century. I know that he is a fiscally responsible Conservative, as I am, and he would not want to burden future generations with that level of debt.