Electricity: Decarbonisation Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Baroness Altmann
Main Page: Baroness Altmann (Conservative - Life peer)Department Debates - View all Baroness Altmann's debates with the Department for Business, Energy and Industrial Strategy
Electricity: Decarbonisation
Baroness Altmann Excerpts(1 year, 4 months ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Callanan (Con)
The noble Lord is right that we will need a lot more electricity both for EVs and for the electrification of heat. I cannot give him an exact figure at this stage—it depends on a number of different factors, not least of which is the success of our demand reduction policies.
Baroness Altmann (Con)
My Lords, another barrier to the delivery of net zero was the disappointing announcement on 14 December on the green taxonomy. Unlike the answer given by our noble friend Lady Penn on 3 November in this House, it suggested that the work might be delayed or even cancelled. Does my noble friend not agree that taxonomy of sustainable business services could help the financial services industry to identify appropriate activities to support decarbonisation of the power sector and move us to net zero?
Lord Callanan (Con)
The noble Baroness is right that green taxonomy is an important component. She will also be aware that the work is being taken forward by the Treasury, with support from BEIS and Defra. I think it is fair to say that it has a mixed record in other parts of the world, but it is certainly something that we are looking at closely.