Energy Bill
Debate between Tom Greatrex and Phillip Lee
Tom Greatrex
My hon. Friend is absolutely right about the worrying signals on confidence. That is part of the case being made today for the target. We need to have that confidence if we want to get that investment, those jobs and that manufacturing capacity, quite apart from the other benefits in terms of security of supply and carbon emissions. That is why I am sure that those industries and companies will be concerned to hear the tenor of some of the Minister’s remarks, which seemed to be going further back even than those of his predecessor, who I think was moved to the Loftus road of Government, the Cabinet Office, the home for displaced Ministers, in suggesting that this is something that we might not want to do in the future. The right hon. Member for South Holland and The Deepings (Mr Hayes) made it clear in Committee that he felt that this was not a debate about the principle of a target, but about when it was going to be set. It seems that the Minister has rowed back further from that position.
Dr Phillip Lee (Bracknell) (Con)
Does the hon. Gentleman agree that if we set a territorial decarbonisation target, we can make industry off shore, hit our decarbonisation target and retain the subsidy on shore, but the jobs will have gone elsewhere?
Tom Greatrex
If we want the best chance of getting those jobs in the UK, the best chance of Siemens building its offshore turbine factory in Hull and the best chance of Gamesa building its factory in Leith, and to get the wider jobs and growth benefits, we need a target. If costs are disproportionately high in the UK we must look at the cause—a carbon floor price that is completely different from what is happening elsewhere in Europe. That is the real focus on where those costs are higher. If we want those economic benefits, we need the target, because that is what industry needs to make those decisions, to convince those global boards that have a number of different options about where to make that investment and to make sure that it happens within the UK.
