Oral Answers to Questions Debate
Full Debate: Read Full DebateJim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)Department Debates - View all Jim Shannon's debates with the Department for Energy Security & Net Zero
(1 day, 17 hours ago)
Commons ChamberPart of what we are doing is devolving more of the funding around warm homes, for example, so that local authorities can play a leading role. I congratulate local authorities on the interest that they are taking in this. The hon. Lady raises the wider picture of COP30, which is important—this is a crucial moment. The UK has already shown leadership in the past 15 months, including by publishing our nationally determined contribution at COP29 last year.
I thank the Secretary of State very much for his answers. The fact is that we are all in this together. We must understand that third-world countries have a role to play, just as the United Kingdom does, but we are the richer country. I am conscious that it may not always be financially possible for third-world countries to do the things that we ask them to, so what assistance can we give them to ensure that when we approach the task of doing this together, we actually achieve it together?
I welcome the hon. Gentleman’s question. Part of the answer here is that the economics have changed, so getting private finance into developing countries can make a massive difference. The “Baku to Belém road map” is being produced as part of the COP process—it is a $1.3 trillion road map—and most of that is about private finance. We can see across the world the effect of private finance in developing countries. In Pakistan, for example, solar has gone from playing almost no part in its electricity system to being the top part of that system in only three or four years, because it is in Pakistan’s economic interests. That is what we are seeing across the world. We need the private and public sectors to play their role.