COP30

Roz Savage Excerpts

Tuesday 25th November 2025 Commons Chamber

[Ed Miliband]

My hon. Friend draws attention to something that is relatively obscure in the big scheme of things that we talk about in this House, but which is incredibly important none the less. Article 6 on carbon markets was agreed last year after, I think, a decade of effort. I want to pay tribute, by the way, to Rachel Kyte, our climate envoy, who was very much part of that, and indeed Ruth Davis, our nature envoy. Two things are interesting about this. The first is that the Brazilians launched what they call the open coalition on compliance carbon markets to drive work on carbon markets forward. I was part of those discussions. The second interesting thing that has happened is that the idea of the carbon border adjustment mechanism, or CBAM, which has been called for by lots of Members of this House, has actually pushed forward some of the work on carbon markets. I think I am right in saying that 7% of the world was covered by carbon markets 15 years ago, and now it is 28%, so progress is moving forward. My hon. Friend is absolutely right about the potential role of the City of London in this.

[Dr Roz Savage (South Cotswolds) (LD)]

Like the Secretary of State and the hon. Member for East Thanet (Ms Billington), I am a survivor of COP15 in Copenhagen. I have seen just what hard work it is, and I commend the cross-party delegation for representing our country so well in Belém. However, environmental campaigners have raised concerns over the carbon budget delivery and the growth plan’s reliance on unproven technologies such as sustainable aviation fuel and carbon capture and sequestration. How will the Government ensure that the UK is not simply offshoring ecological impacts, including deforestation, or relying on fantasy future technologies on our pathway to net zero?

[Ed Miliband]

First, I thank the hon. Lady for her advocacy on these issues now and over a very long period, which is widely recognised. On CCS and SAF, I think we will have to agree to disagree, based on all the evidence I have seen. For the real nerds present, among which I obviously count myself, I strongly recommend the IEA’s “World Energy Outlook”, which came out during the COP—I have slightly lost track of when—and which looks at how far we are from the net zero pathway. It actually shows that we have overachieved on renewables, but we need to go further on some other issues. All the experts I respect say that there is no route to decarbonisation without carbon sequestration technology in different forms. As well as that, CCS is a big jobs creator. CCS and SAF are an important part of the future, and technological development is part of what we need. We have existing technologies, such as solar, wind and batteries, and they can also help us. We have seen a driving down of the cost of those, and we need to do the same for these other technologies.