M

Member

Speaking in the House of Lords on 5 November 2024

Debate

Renewable Transport Fuel Obligations (Sustainable Aviation Fuel) Order 2024

Contribution

Why is it that we have not only to mandate the production of SAF—although not actually mandating the purchase, as I understand it—but to do so, as the Minister referred to, by giving a guaranteed price to suppliers and a guaranteed return to investors? I had understood, as a consequence of the briefing, that the guaranteed return was incorporated in this instrument. I may have got that wrong and it may have been an assumption on my part—I do not mean to criticise officials when I say that—because, as I understood the Minister, he seemed to say that separate legislation would be brought forward to provide the guaranteed return to investors. If that is so, perhaps my ensuing comments refer more to that separate legislation, but for the moment I will take it all as one instrument and one package

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