G20

William Bain Excerpts

Monday 17th November 2014 Commons Chamber

[The Prime Minister]

I will certainly look at that report. I am convinced that it was the right thing to do. It is no good preaching to others about transparency unless we are prepared to put it in place ourselves, which is why I reversed the policy we inherited. Many countries have discovered mineral wealth but found it to be a curse rather than a blessing, and greater transparency is one of the key ways of ensuring that some of the poorest people can benefit from the resources their countries have.

[Mr William Bain (Glasgow North East) (Lab)]

G20 countries have agreed to set out their post-2020 policies on climate change ahead of next year’s Paris conference on climate change. Does the Prime Minister agree that the UK’s position in leading that conference would be stronger if he adopted a 2030 energy decarbonisation target now?

[The Prime Minister]

I do not think that is necessary. We, along with the rest of the European Union, have adopted robust measures to cut carbon, but I believe that the right policy is to cut carbon at the lowest cost. Signing up to a complete decarbonisation target before we know that measures such as carbon capture and storage will work would be the height of irresponsibility, and politicians who propose this, like the hon. Gentleman, need to be honest with the public. If we cannot answer the question about where the cheap energy will come from, total decarbonisation will put money on people’s bills.