VoteClimate: UK’s Green Industries: Foreign Direct Investment - 21st April 2022

UK’s Green Industries: Foreign Direct Investment - 21st April 2022

Here are the climate-related sections of speeches by MPs during the Commons debate UK’s Green Industries: Foreign Direct Investment.

Full text: https://hansard.parliament.uk/Commons/2022-04-21/debates/2BC4DC99-324D-4015-9975-2FA159DC8490/UK%E2%80%99SGreenIndustriesForeignDirectInvestment

Felicity Buchan

I am proud that the UK is a leader in the G7 in the transition to net zero. I am the trade envoy to Norway and Iceland, where there are huge opportunities to do more to further that transition to net zero. Will my hon. Friend update the House on the discussions we have had specifically with companies in Norway and Iceland?

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Mr Jayawardena

The United Kingdom is committed to deepening her partnership with Norway and Iceland, which was reinforced by the trade deal that I signed in July last year. It is one of our greenest deals ever and preserves our right to regulate to reach our net zero targets. Twin-tracking alongside that free trade agreement, we continue to collaborate on the development of green technologies such as the North sea link interconnector, which links the electricity systems of the United Kingdom and Norway and will increase the capacity of our renewable markets.

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Drew Hendry (Inverness, Nairn, Badenoch and Strathspey) (SNP)

The recent ScotWind announcement from the Scottish Government cements Scotland’s place as the world leader for floating offshore wind energy. It represents an incredible opportunity for unparalleled levels of inward investment while also taking meaningful action on climate change. Will the Minister join me in congratulating the SNP Scottish Government on making Scotland a global leader in offshore wind energy? Will he pledge to do all in his power to support this fantastic international trade and transition opportunity?

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Drew Hendry

I will forgive the Minister for showing off to his family, but this is an important issue. A net exporter of energy, Scotland has 25% of Europe’s offshore wind potential and is perfectly placed to step in to help Europe to pivot away from dependency on Russian oil and gas and towards renewable energy. Indeed, it is estimated that up to 30 GW could be available to export through ScotWind and INTOG—the innovation and targeted oil and gas process—and on top of that a manufacturing superhub at Nigg and Cromarty firth could export components throughout Europe, thereby reversing the historical position across the UK of importing technology, and so boosting trade. Specifically, will the Minister commit his Government to working with the Scottish Government to maximise this massive transition and international trade opportunity?

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