Net Zero Carbon Emissions: UK’s Progress

Debate between Stephen Doughty and Mary Creagh

Thursday 28th February 2019 Commons Chamber

[Mary Creagh]

I wonder whether the hon. Member for Camborne and Redruth has resigned so that he does not have to answer the letter that my Committee has just drafted, which asks him about our progress towards becoming a so-called independent coastal state and how the negotiations with various regional fisheries organisations are going.

Let me now turn to the subject of the debate. Securing a sustainable future for the planet and our children is a responsibility that we simply cannot ignore. I welcome the chance to discuss this issue, because we have spent far too long discussing Brexit in the Chamber and not enough time discussing the thumping alarm that is being sounded all around us on our planet.

To achieve net zero, we must reduce our emissions rapidly and at scale in every area of our economy and in every area of our lives. Our Committee has talked about some of the personal changes that we can make, whether that means turning our backs on single-use plastics or considering how we can achieve, for example, a net-zero fashion industry. The report that we published last week took climate change into areas where it may not previously have gone.

[Stephen Doughty]

Does my hon. Friend agree that one of the personal things we can all do is look into where our pensions are invested and establish, for instance, whether they are invested in fossil fuels or renewables? I have been doing that, and I hope that we will give some thought to where our moneys are going in the context of the parliamentary pension scheme.

[Mary Creagh]

I thank my hon. Friend for that intervention. One of the things we did in our green finance reports last year was talk to the top 25 pension funds in the country and ask them what they were doing in this area, and of course we talked to our own parliamentary pension fund as well, and we ranked them as engaged, moderately engaged and less engaged. We need to shape and bend the entire financial system to invest in this new green economy and to ensure a just transition, because in areas such as mine, Wakefield, which were dependent on coal, we must not have thousands of people just being left on the dole. We need to skill up the current generations to meet the green future we want to see.