Thursday 30th March 2023

(1 year, 1 month ago)

Commons Chamber
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Graham Stuart Portrait Graham Stuart
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I thank my right hon. Friend and again pay tribute to him for all his work. This is the economic opportunity. If we look at a map of Europe, we can see the opportunity around the British Isles, and we will capture that energy. We are also blessed with around a third of all carbon storage in Europe. We can operationalise that to decarbonise the UK and provide a service to Europe, and we will do so. It will lead to the reindustrialisation of the north-west, north-east, Wales and Scotland. The opportunities are immense, and colleagues have been fighting hard.

On the NDC, we have set that ambitious world-leading 2030 target, and we are committed to delivering our commitments, including the 2030 NDC. [Interruption.] The right hon. Member for Doncaster North is a little out of touch. Countries are not due to start reporting to the United Nations framework convention on climate change on progress towards meeting NDCs until 2024, but we have quantified proposals and policies already to cover 92%, and we will go further. Just as we have done with our carbon budgets, we will exceed, not fall short. It was the Labour party that fell short on insulation and renewables; this party has a record of delivery, and our policies are supplemented by others that we have not quantified yet as we work hard to roll out these things. We will meet that 2030 target. We will continue our leadership role as arguably the only major economy in the world that is on that net zero pathway to 2050.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
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I call the Scottish National party spokesperson.

Alan Brown Portrait Alan Brown (Kilmarnock and Loudoun) (SNP)
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I think the greenest aspect of these announcements is the level of recycling in them without the actual funding to back them up. Starting with nuclear, there is no successful European pressurised water reactor project anywhere in the world. Hinkley has almost doubled in price to £33 billion, so we know that Sizewell C will cost something like £35 billion. That is a huge, scandalous waste of money that could be better utilised elsewhere. On SMRs, there is not even an approved design with the regulator yet. At £2 billion a pop, SMRs are not cheap either, and it is a myth that they will lower energy bills and provide security. Nuclear is the only energy technology to get more expensive rather than cheaper over the years.

We need more storage. I keep asking about pumped storage hydro. Please will the Government agree a carbon floor mechanism so that SSE can get on with Coire Glas and Drax can get on with the Cruachan extension? While the United States has the Inflation Reduction Act, when we look at the budget for allocation round 5, funding has been cut by a third from £285 million to £205 million, while we have inflationary pressures of 30%. The reality is that it will not deliver what we need it to deliver. Has the Minister looked at the lessons from the Spanish auction, which failed miserably and did not deliver on allocations?

The Minister knows that we need a greater ringfenced pot for tidal. At the moment, tidal stream energy has a 80% to 90% UK supply chain. If the Government do not increase the ringfenced budget, we risk offshoring manufacturing again. If he is talking about being powered by Britain, he needs to increase that funding for tidal stream so that we are building the UK supply chain.

On CCS, Acorn was not even mentioned in the statement. It was promised to us in 2014, and now it is not even mentioned. Is there going to be a definitive funding allocation for Acorn and are there going to be timescales for that funding, or is it a further betrayal when the Government are taking in £60-odd billion in additional oil and gas revenues? The reality is clear: Scotland has the energy, but Westminster keeps the powers.

--- Later in debate ---
Graham Stuart Portrait Graham Stuart
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I thank my hon. Friend for his constructive contribution, as ever. I co-chair the green jobs delivery group. We are working closely with industry to ensure that we get the signals from them across multiple trades, and engaging with the Department for Education to ensure that it can use those inputs to construct various courses to support that. We are absolutely focused. The reason we have a Minister for nuclear and networks is that we recognise that we have to get that infrastructure right. If we get it right—look at the success we have already had and at our investability going forward—it will be a tremendous transition, generating lower-cost energy and making us one of the most competitive economies in the world.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
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I thank the Minister for his statement and for responding to questions for over an hour. Could he stay in his place a little longer, as this point of order relates to him?

Wera Hobhouse Portrait Wera Hobhouse
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On a point of order, Mr Deputy Speaker. The Minister has accused me of misleading the House and asked me to correct the record. I am happy to do that. My question should read: “If the Government were serious about climate action, why did the Government need to be dragged into court and told by the High Court that their existing policies are lacking detail?” I apologise to the House that I used the word “insufficient” rather than “lacking detail.”

Nigel Evans Portrait Mr Deputy Speaker
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Does the Minister wish to respond?

Graham Stuart Portrait Graham Stuart
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Further to that point of order, Mr Deputy Speaker. The Court asked for more detail and I am delighted to say that is precisely what we have provided today. There was no suggestion from the Court that our policies were not adequate. It wished for more detail and we have been delighted to share that.

Nigel Evans Portrait Mr Deputy Speaker
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That stands on the record from both sides.