VoteClimate: Net Zero: Cost-Benefit Analysis - 21st May 2024

Net Zero: Cost-Benefit Analysis - 21st May 2024

Here are the climate-related sections of speeches by MPs during the Commons debate Net Zero: Cost-Benefit Analysis.

Full text: https://hansard.parliament.uk/Commons/2024-05-21/debates/9DBED250-84A6-4F23-BC69-F4B1F2C191D2/NetZeroCost-BenefitAnalysis

Andrew Bridgen (North West Leicestershire) (Ind)

4. Whether she has made a cost-benefit analysis of her net zero policies. ( 902931 )

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The Minister for Energy Security and Net Zero (Justin Tomlinson)

Our pragmatic, proportionate and realistic approach to meeting net zero will capitalise on the opportunities of the low-carbon transition, creating jobs and investment across the UK.

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Andrew Bridgen

The cost of net zero is being borne by our hard-pressed constituents, at the same time as China increases its carbon dioxide emissions by more than the UK’s total emissions every year. Wholesale electricity prices are currently £65 per megawatt, but we are paying £102 per megawatt for fixed offshore wind, offering £246 for floating offshore wind, £89 for onshore wind, and £85 for solar. Can the Minister explain whatever happened to plentiful, cheap renewable energy?

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Justin Tomlinson

The hon. Member and I agree that we must champion the importance of delivering cheaper bills for consumers. This does not have to be a binary choice between tackling climate change and delivering cheaper consumer bills. By investing in a cleaner, more efficient energy system, we can do both.

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Caroline Johnson (Conservative)

Decarbonisation is welcome, but it must be achieved in a way that balances the country’s other priorities, such as food security. I welcome last week’s statement from the Secretary of State about the importance of protecting our best and most versatile farmland, but can the Minister tell me more about how he will ensure that we prioritise solar power on rooftops instead?

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Justin Tomlinson

The Government are proud to have delivered an additional 43 GW of renewable energy since 2010 alone. We have also introduced planning changes to make it easier to install solar panels on rooftops, including those of industrial buildings, and we can thank consumers for leading the way: an average of 17,000 households a month added solar panels to their roofs last year.

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