Climate Change

Lord Lawson of Blaby Excerpts

Thursday 25th April 2013 Lords Chamber

[Lord Lawson of Blaby]

My Lords, the Conservative MEPs are to be warmly commended. The Government have got this completely wrong and it is fortunate for them that the ETS has been killed. Will the Minister reconsider her Answer to the noble Baroness, Lady Worthington? Is she not aware that what the Opposition are calling for in this Question is a futile gesture, the only possible result of which would be higher energy costs, the loss of British business to countries such as the United States where energy costs are much lower, fewer jobs and an increase in fuel poverty? That is what they are advocating.

[Baroness Verma]

I know that my noble friend has some views on this but I cannot agree with many of them. The market for low-carbon goods and services is a growing one for the UK, so I do not buy into the argument that this is costing British business. We are increasingly able to offer renewable energies as part of a good mix of our energy supply, so that we become less dependent on international global price hikes. I urge my noble friend to look at the benefits of having a good energy mix. Part of that must be a good carbon floor price.