Question
To ask the Secretary of State for Energy and Climate Change, what assessment she has made of the implications for her polices of the Fossil Fuel Subsidy Reform Communiqué presented by the New Zealand Prime Minister John Key on behalf of the Prince of Wales' Corporate Leaders' Group to Christina Figueres, Executive Secretary of the UNFCCC, at COP 21 in Paris on 30 November 2015.
The UK is a co-signatory to the Fossil Fuel Subsidy Reform Communiqué. As that document covers, significant subsidy reform can help deliver major reform of global energy usage which limits global temperature rises.
The fall in the oil price over the last eighteen months creates a moment of opportunity for action around the world to reduce subsidies. The communiqué calls for clear communication and increased ambition. We support those goals. We will continue to lobby Governments overseas and support activity to make the most of this opportunity to implement meaningful reform. Doing so will enhance both UK and wider energy security, reduce emissions of greenhouse gases, and free up funds that Governments could use to tackle other challenges.