State of Climate and Nature

Debate between Baroness Blackstone and Baroness Hayman of Ullock

Monday 21st July 2025 Lords Chamber

[Baroness Blackstone (Lab)]

My Lords, can the Minister confirm that contrary to the dire predictions made by the noble Lord who speaks for the Opposition, the OBR’s analysis of the costs of reaching net zero suggests that, contrary to earlier estimates, they will be much lower because of the decline in the costs of clean technologies?

[Baroness Hayman of Ullock (Lab)]

I can be very brief in my response. I can confirm that, agree with the noble Baroness and thank her for bringing it up, because the costs of not acting are huge. We must do it and work with others right around the globe to achieve it. Our clean energy mission and moving into cleaner, greener jobs for this country will be a central part of that work.