Finance Bill

Debate between Andrea Leadsom and Anna McMorrin

Report stage & Report stage: House of Commons & Report: 1st sitting & Report: 1st sitting: House of Commons
Wednesday 1st July 2020 Commons Chamber

[Anna McMorrin (Cardiff North) (Lab)]

The right hon. Lady talks about the renewables sector being led by business and entrepreneurs, yet when she was leading the Business Department, she blocked the groundbreaking tidal energy scheme in south Wales, which would have transformed the sector and offered thousands of jobs, including supply chain jobs.

[Andrea Leadsom]

The hon. Lady has got her point on the record. In fact I did not block the scheme. The issue with that particular tidal power project was its cost. It in no way represented value for taxpayers’ money. The Government support all forms of renewable energy, but it has to come at a reasonable cost to the taxpayer.

Decarbonising in the UK is only a tiny part of the picture. Climate change is a global threat and the UK will be hosting COP26 next year, which offers a massive opportunity to demonstrate global leadership. COP26 must be a turning point for the world, as well as the moment to demonstrate the UK’s commitment. There are four objectives I would like the UK to achieve at COP26. The first is to announce a significant collaboration with a small number of other major nations. For example, we could have a collaboration with India on battery storage, with China on offshore wind, and with Brazil on reforestation.

Secondly, measurement is so key to performance, so I would like to propose the launch of a new year book at COP26 in which all 157 nations have their own page setting out not just their Government but their state-level and business-level achievements and goals. For far too long, arguing about how to audit decarbonisation has been a convenient excuse for inaction.

Thirdly, the UK is a world leader in financial services, and in recognising the excellent decision by the Prime Minister to appoint Mark Carney as finance adviser for COP26, I urge the Government to consider championing the development of an international infrastructure organisation to help to fund global decarbonisation. Fourthly, while the world continues to rely heavily on carbon, we urgently need an internationally recognised carbon offset licensing body to ensure that global living standards can continue to improve while we protect our planet.

To finish, I am desperately worried about the inevitable job losses that the covid-19 pandemic is going to cause, but I see a way forward, with the Government maximising the tools at our disposal to build a cleaner, greener world and to facilitate the jobs we will urgently need. That means apprenticeships for young people, retraining for those who have lost their jobs, setting clear decarbonising targets by sector, investing in green infrastructure and building international collaborations. All of that requires businesses to power up, so I want to say to businesses: you need to get your teams off furlough and get your businesses going again. Start trying to build and create and use your innovative energy to build a cleaner, greener future. We have all been in it together during lockdown, and we definitely all need to play our part if we are going to bounce back successfully.

A Green Industrial Revolution

Debate between Andrea Leadsom and Anna McMorrin

Wednesday 15th January 2020 Commons Chamber

[Andrea Leadsom]

I will make some progress and give way again in a moment.

As the cooling towers have come down, wind turbines are going up in their thousands, with offshore wind capacity increasing by more than 500% under Conservative Prime Ministers. We can all be proud that no other country in the world has more offshore wind than the UK, with a third of global capacity off our coastline. This is creating thousands of future-proof, planet-saving, profit-making jobs, as well as skills investment all around the United Kingdom.

Many of my new, true blue hon. Friends have green-collar jobs in their constituencies. The constituency of Sedgefield makes underwater-cable protection systems that are exported all over the world. Great Grimsby leads the world in offshore wind operations and maintenance, while in Blyth Valley, where I was proud to pay a visit to support our excellent new colleague my hon. Friend the Member for Blyth Valley (Ian Levy) during the general election campaign, our offshore renewable energy catapult recently tested the world’s longest offshore wind turbine blade. At over 100 metres, it would, if we stood it next to Parliament, be taller than Big Ben.

[Anna McMorrin (Cardiff North) (Lab)]

The Secretary of State talks about offshore wind, but does she agree that this Government have effectively banned onshore wind, which is the most tried and tested of all forms of renewable energy technology? Will she commit to bringing that technology back across all parts of the UK?

[Andrea Leadsom]

What I can say to the hon. Lady is that onshore wind produces electricity for 10 million homes in the United Kingdom. We are promoting offshore wind as the most effective way to increase our power generation from renewable technology. It is a huge success story for the United Kingdom and something of which we can be proud. She will be aware that the Conservatives are committed to producing 40 GW from offshore wind by 2030.