"My hon. Friend makes an important point. We have always talked about a managed transition to a clean energy future. It is not about flicking a switch off overnight; I think everybody understands that. As a Government, of course, we have to make sure that we keep the lights on …..." Lord Sharma - View Speech
"My hon. Friend makes the same point that this is about a managed transition. We want to ensure that we decarbonise the electricity system by 2035. Hon. Members will know that the energy security strategy is all about transitioning to a clean energy future with a big push on renewables, …..." Lord Sharma - View Speech
"The energy profits levy to which the right hon. Gentleman refers is a targeted short-term measure with an effective end date of December 2025. Any company looking to make future energy investments will have to factor in the risks of potentially ending up with stranded assets...." Lord Sharma - View Speech
"The right hon. Gentleman will not get rid of me that easily. He needs to look at what the Government have done over the past few years: we have built the second biggest offshore wind sector in the world, which is precisely the reason that we are not dependent on …..." Lord Sharma - View Speech
"COP26 was one of the first such summits where the corporate sector’s presence and commitments were significant. Over 7,000 international businesses have now signed up to the UN Race to Zero campaign, which commits them to reaching net zero by 2050 at the latest. The private sector will of course …..." Lord Sharma - View Speech
"In fact, there are many businesses, both large and small, that are committing to cut emissions, because they have understood that it is good for their bottom line and actually gives them a competitive advantage with clients and customers. I refer my hon. Friend to the UK business climate hub, …..." Lord Sharma - View Speech
"There are quite a lot of questions there in one. We have a very clear commitment, not only in our legal framework but in the net zero strategy, which sets out how we will decarbonise through different sectors of the economy. The hon. Member mentioned forests, and she will know …..." Lord Sharma - View Speech
"I answered this question earlier, but I reiterate that, to participate on UK presidency platforms at COP26, all corporates were required to sign up to net zero commitments. Let me reconfirm that there were no fossil fuel companies participating on UK presidency platforms...." Lord Sharma - View Speech
"This Government have not been captured by any interest. Once again, I point out to the hon. Member that, if he looks at the energy security strategy for the direction of travel, he will see that we are looking to quintuple the amount of both offshore wind and solar, and …..." Lord Sharma - View Speech
"The Government recently published the British energy security strategy, which sets out plans to turbocharge our clean energy transition. As I said earlier, the aim is to quintuple our offshore wind and solar PV capacities by 2030, while also significantly expanding nuclear and hydrogen. We aim to decarbonise our electricity …..." Lord Sharma - View Speech