13:44 Kerry McCarthy (Labour)

On the question of carry-over Bills, the Government have confirmed that they will carry over the Energy Bill. However, that Bill needs extensive changes to address not only the reality of rocketing fuel bills, which I have mentioned, but the issue of climate change. Again, anything on that issue is lacking in the Queen’s Speech. There is nothing to suggest that the Government want to be the greenest Government ever. There is little that will do anything to promote green investment and green jobs. That is a real missed opportunity.

The thing most notably missing from the Energy Bill is a target for decarbonising electricity by 2030. By putting off the decision about decarbonisation until 2016, after the next general election, the Government are locking our economy into increasingly expensive gas, which is bad for carbon emissions and for energy bills. The Committee on Climate Change has said that the gas strategy set out by the Chancellor in December is “completely incompatible” with the UK’s legally binding carbon emissions targets, and should be “plan Z”. I wonder whether the Government have any intention of decarbonising our power sector by 2030. I also increasingly doubt their commitment to meet our legally binding carbon target of reducing our carbon emissions by 80% by 2050. Again, there was nothing in the Queen’s Speech to help us move towards that.

As I mentioned, the one thing that the renewable energy sector needs to enable it to create more jobs and encourage investment is confidence that the Government are committed to renewable energy and will support it over the long term. The lack of a target also puts the sector in a difficult position in that regard. It is deeply disappointing that the Government do not capitalise on a golden opportunity to drive economic growth and create jobs. A CBI report published in July showed that the UK could become a global front-runner in low carbon, adding £20 billion to annual GDP by 2015, and that a third of the UK’s economic growth from 2012 to 2013 came from green businesses. As the former Energy Minister, the hon. Member for Wealden (Charles Hendry), has said, extending uncertainty about that until 2016 will lead to higher capital costs and higher energy bills. That is backed by the Committee on Climate Change, which has said that

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