L

Lord Whitehead (Lab)

Speaking in the House of Lords on 3 December 2025

Debate

COP 30

Contribution

They are usually for 15 years, which means that a renewable development that is subject to that underwriting has, at the end of 15 years, a fully amortised and free energy solution for the future. Therefore, it is tremendously good long-term value, as far as that energy supply is concerned, to have that initial undertaking, which reduces and goes down to zero after that 15-year period.

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