Jessica Morden
Main Page: Jessica Morden (Labour - Newport East)
Charles Hendry
I simply do not recognise that description. We have given more money than any Government anywhere in the world to a single carbon capture project—£1 billion—and we have the most ambitious programme: when countries such as Norway and Holland are letting theirs slip backwards, Britain’s is still on track. We aim to deliver four projects by 2020, and the hon. Gentleman should celebrate that success because of the jobs it will bring to his constituents, among others.
Jessica Morden (Newport East) (Lab)
17. If his Department will undertake an impact assessment of the effect of the carbon floor price mechanism on the competitiveness of energy-intensive industries.
The Minister of State, Department of Energy and Climate Change (Gregory Barker)
An assessment of the impacts of the carbon price floor on energy intensive industries is given in HMRC’s tax information and impact note, published alongside the Budget. Electricity bills for an average energy-intensive business are estimated to increase by 2% and 6% in 2013 and 2016 respectively as a result of the carbon price floor. However, in the late 2020s electricity bills will be between 2% and 5% lower than would otherwise have been the case.
Jessica Morden
Will the Minister outline what specific issues the Government are considering to prevent energy-intensive industries, such as the steel industry in my constituency, from being disadvantaged in comparison with their global competitors by policies such as the carbon price floor?
Gregory Barker
As the hon. Lady knows, we are meeting not just the steel manufacturers, such as those in her constituency, but a range of energy-intensive industries. I will be meeting the chief executives of several before the House rises for the recess. We are considering a range of measures in conjunction with the Treasury and the Department for Business, Innovation and Skills, and in the autumn we will announce the result of that collaboration.