G20 and COP26 World Leaders Summit

Richard Graham Excerpts

Wednesday 3rd November 2021 Commons Chamber

[The Prime Minister]

I study the people’s feelings about this. What so changed in this COP from Paris, which I attended, or from Copenhagen, which I was also at, is that this time, it is from the public. I have great respect for colleagues around the House who say that this is all going too far, too fast and that people cannot afford it. Actually, I do not think that we can afford not to do it. I also think that it is economically a massive opportunity for this country and that that is where people increasingly are. Calls for a referendum on this will fall on stony ground.

[Richard Graham (Gloucester) (Con)]

I spent the past couple of days at COP26 with south-east Asian nations’ representatives. The situation is exactly as the Prime Minister described, with real progress on cash, coal and trees and particularly momentum in signing up to the forestry declaration. My right hon. Friend will know that the UK pavilion is symbolically opposite next year’s G20 Chair, Indonesia. Does he agree that using the clean, green finance initiative is a real opportunity for us to do more to help them to transition from coal-fired energy to renewable energy, often in collaboration with UK partners on wind, solar and marine energy?

[The Prime Minister]

I thank my hon. Friend for everything that he has done with ASEAN—Association of Southeast Asian Nations—partners. He has absolutely been leading the charge for us in that region, particularly with Indonesia, and they are great partners of ours. What is coming out of COP is the idea that countries who are finding it tough, as he said, to move beyond coal need a coalition of countries to help them, with a portfolio of programmes that they need to get done, whether it is hydropower or carbon capture and storage—whatever it is—that we can help to finance and de-risk, in order to leverage in the trillions from the private sector, as we did with wind power in our country. People are seeing this model as the way we can do it—not with endless grants and handouts from Governments in the richer countries around the world, but through stimulating the private sector to come in and deliver a quantum leap in the infrastructure concerned.