Net Zero: 2050 Target

Virginia Crosbie Excerpts

Tuesday 6th June 2023 Westminster Hall

[Virginia Crosbie (Ynys Môn) (Con)]

It is an absolute pleasure to serve under your chairmanship, Sir Christopher, and I thank my right hon. Friend the Member for Spelthorne (Kwasi Kwarteng) for calling this important debate. A McKinsey report has stated that the global net zero transition could be worth a trillion pounds to the UK and support just under half a million UK jobs by 2030. It has been described as the economic opportunity of the 21st century. It is recognised that the fastest and most reliable way for the UK to achieve net zero and energy security is to pursue a programme of new nuclear build.

I entered the House in 2019 to represent the constituents of Ynys Môn. They have lived with nuclear power at Wylfa since the 1960s. I stood on a mandate to do everything I could to bring new nuclear to Wylfa. The majority of my constituents support nuclear. They know it is clean, they know it is safe and they know it brings jobs. But Wylfa is being decommissioned, as other nuclear plants have been across the UK. Despite 30 years of promises and the good will of local people, it has yet to be replaced.

Anglesey is known as “energy island”. We have wind, wave, solar, tidal and hydrogen—and, hopefully, new nuclear if I have anything to do with it. Geographically, Wylfa is probably the best new nuclear site in the UK, if not Europe. My constituents in the surrounding area, including Cemlyn, Tregele, Cemaes and Amlwch, and right across Anglesey, desperately need the employment it would offer and give the site that all-important social licence.

I have seen many steps on the way to new nuclear at Wylfa: the British energy security strategy, which specifically mentions Wylfa; the launch of the £120 million future nuclear enabling fund at Wylfa by my right hon. Friend the Member for Spelthorne (Kwasi Kwarteng), who is sitting beside me; and the Nuclear Energy (Financing) Bill. However, we have yet to see the spades in the ground that the people of Ynys Môn and the UK need.

Building nuclear plants takes years. Just going through development consent takes years. In the building of Hinkley C and Sizewell C, we are developing a new generation of nuclear skills that we will lose if there is nothing for them to move on to. We need a plan for how and when we will roll out the Government’s goal of a one gigawatt nuclear reactor going to financial investment decision in this Parliament and two going to financial investment decisions in the next Parliament. We currently produce 3.9 GW of energy from nuclear. That is forecast to decline to 3.2 GW by 2030, with all but one of our nuclear power stations going off line in the next decade.

As chair of the all-party parliamentary group on small nuclear reactors, I welcome the SMR competition announced by the Chancellor in the spring Budget. I am looking forward to the launch of Great British Nuclear and it is brilliant news that for the first time we have a nuclear Minister. Other countries are taking bold and ambitious steps on investment and action in the move to net zero. Without a similar response, we risk losing out on new opportunities and potential economic gains. We have shown that as a Government we can move at speed when we face a crisis. In the Minister’s summing up, I want to hear—given that we are just 27 years away from 2050, we are in a crisis—the Government’s plan to grasp the opportunity and to build new nuclear at Wylfa. Diolch yn fawr.