Contribution
My Lords, I congratulate the Minister on his recent appointment and welcome him to the Front Bench. The Secretary of State in the other place is fond of talking of the United Kingdom as a trailblazer. As the shadow Secretary of State in the other place outlined, we are—but for all the wrong reasons. We are the first country to voluntarily close down our own domestic energy supply and to voluntarily hike our own energy bills. We are not an example to the world: we are a warning.
Since the COP summit, it seems that the department has started to come to its senses. Monday’s termination of a liquified natural gas project in Mozambique is a welcome step. It was a typically green initiative with a well-meaning façade that was, in practice, damaging, as LNG gas emits four times more carbon than the North Sea off our very shores. These overseas initiatives are used to prop up a narrative of reduced emissions while simultaneously causing more harm to the natural world, and they encompass a whole one-third of our energy system.
Sadly, the Secretary of State’s Statement demonstrates that he has not returned from Brazil enlightened and that the department is still bound by his damaging ideology. He cites three achievements that he came back with from the summit. The first was the commitment to continue cutting global emissions towards net zero, which he said needed to be achieved by 2050. It should be noted that the Statement also acknowledged that the UK accounts for just under 1% of global emissions. That number has in fact halved in the past 20 years. Does the Minister not agree that this proves that the United Kingdom has already played its part in the net-zero drive?
Unfortunately, this COP 30 achievement will undoubtedly now be used to justify the continuation of his campaign to wreak utter havoc on the North Sea industry. The tired old clichés of a declining basin will be the response of the Government, and we have come to expect this narrative. But let us examine the human cost: 1,000 jobs per month, companies drawing back from investing and energy bills spiralling. I draw noble Lords’ attention to north of the border, where the Government are responsible for destroying what remains of Scotland’s industrial base. Alexander Dennis, Mossmorran, Grangemouth: going, going, gone. Is it time to accept that we need to face the root cause of this deindustrialisation, namely high energy costs and the effects of government green diktats?
The second achievement that the Secretary of State trumpets is a commission to reduce emissions through working with the finance industry. Again, this achievement will not benefit the British people. Investment will not be channelled into reducing bills. The Government’s team returned from Brazil with a pledge to scale up funding for developing countries to $1.3 trillion. It is internationalism at the expense of the British people.
The Statement mentioned nothing of the £60 billion investment required to build energy infrastructure in our own country to meet the Government’s artificially hastened 2030 net-zero target for the electricity grid, and nothing of the £3 billion annual government policy cost to turn off the wind farms.
There was nothing on the investment desperately needed in our nuclear sector. Cutting emissions is a noble aim, but the Government are undertaking it in a haphazard and ideologically blinkered manner, all to the detriment of the British people.
Thirdly, there is the announcement of not one but two road maps: one to cut fossil fuels and one to cut deforestation. The Government already have a road map to cut fossil fuels. In fact, John Fingleton’s nuclear report was published last Monday. The Government seemed to have accepted the recommendations on Monday, but let us see if that translates into a policy U-turn. Will the Minister outline to the House the timetable for the implementation of the Fingleton recommendations in legislative terms?
I offer the same argument for the deforestation road map. One of the primary drivers of nature depletion in the UK is a sprawl of solar and wind farms across our countryside. If the Government want to put a halt to deforestation, it could begin at home. This unfortunately means moving away from the endless expansion of solar. The Government cannot have it both ways. Once again, they need to build more nuclear.
This summit and the Secretary of State’s Statement will, unfortunately, do nothing to help British people with the exorbitant cost of energy, where our industrial energy prices are seven times those of China and four times those of the US. Even if wholesale energy prices halve in the next five years, electricity bills will still be £200 higher per household. That is the direct cost of government policy. No number of multilateral commitments will ease that burden. Only a radically different approach to energy and a comprehensive plan for cheap energy will take us forward.