Energy Grid Resilience

Lord Sikka Excerpts

Tuesday 6th May 2025 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

—again. I think that is absolutely right. So much misinformation about energy policy appears in social media and in the media generally. We are doing our best; sometimes Governments are not listened to as much as we would wish. There is no question that, for instance, some of the criticism in relation to energy prices is put at the door of net zero when actually it is because of the uncertainty and volatility of international gas markets. There is a lot that we need to do collectively to get over the reality of why climate change presents such a threat, why, unless we can tackle these issues, we will probably continue to have high energy prices, and why we need to adapt and mitigate as fast as we can. I do not have any easy answers, but it is a matter we are giving great consideration to at the moment.

[Lord Sikka (Lab)]

My Lords, resilience is something which is always in the process of being made. It requires embracing emerging technologies. Thorium-based nuclear energy is much safer and cheaper than uranium- or plutonium-based nuclear energy. China and India are leading the race, and I have never seen “thorium” in any UK policy document to do with long-term energy supply. Can the Minister say what investment the UK Government have made or intend to make in thorium-based technology?

[Lord Hunt of Kings Heath (Lab)]

No, my Lords, I am not aware of any investment, but I will double-check. I am very happy to discuss this with my noble friend. We should also mention nuclear fusion as having great potential. The previous Government invested, and this Government are investing, considerable amounts of money in it. The UK has a huge potential lead in this exciting area and there are real signs we may see some positive outcomes in the next few years. I am certainly prepared to engage with my noble friend on this.