Ms Polly Billington

Almost 15% of people in East Thanet are in fuel poverty—significantly above the national average of 11.4%. That is thousands of my constituents who cannot afford for their energy bills to go up, but who, because of international events completely out of their control, are now facing exactly that. Working people like them should not bear the burden of decisions made by Donald Trump or Vladimir Putin. That is why I am glad to see the Government’s focus on energy and energy independence in this upcoming legislative Session. There is no one silver bullet for achieving energy independence. It requires action to reduce energy usage, which is why the warm homes agency will be so important in order to give people trusted advice and access to grants and low-interest loans. It requires more generation of energy at home, because the more we produce domestically, the less exposed we are to volatile fossil fuel markets. It requires reform of the market and it requires diversity of supply. However, this new international situation is different from the circumstances we were previously considering when tackling the science of climate change and the failed energy market in this country. We now live in a situation where the global context is more volatile and more unstable than it has ever been. Therefore, the legislative programme that the Government have announced is absolutely necessary, but it may not be sufficient on its own. To secure the energy independence and resilience we require, the Government need to consider their role in establishing greater international agreements on how we increase the resilience of our global economy against our exposure to fossil fuel markets. I have called on the Government to convene an international energy summit with the same boldness and scope of Gordon Brown’s crisis summit in 2009 following the great financial crash. I saw at first hand then the role of Britain using its convening power to bring nations together, and we should look to do so again. I was delighted to hear in the King’s Speech that we will be hosting the G20 next year, and I hope the Government will put energy co-operation right at the heart of that summit. This is crucial because 20% of the world’s oil, 20% of global liquefied natural gas and one third of seaborne fertiliser pass through the strait of Hormuz every day. The economic pain of this has not yet hit us. People are already talking about the risk to family holidays, but there is a risk of food shortages and starvation, and of blackouts in countries that are vital to our supply chains. That is the seriousness of the situation we are facing, which requires an international solution. I am delighted that we have a deep, broad and integrated approach to tackling some of the most challenging elements of creating increased energy resilience, as outlined in the legislative plans, but the situation does need to be seen in the wider global context, and it demands global leadership from the British Government.