The Prime Minister’s 10-point plan sets out our blueprint for a green industrial revolution—a plan to invest in green technologies and industries, leveraging in billions of pounds of private sector investment, supporting up to a quarter of a million green jobs and levelling up across the UK. It is a clear plan to build back greener from the covid pandemic.
The UK’s credibility as COP President rests on demonstrable climate action at home. The Government have set legally binding net zero targets but they are currently off track to meet their fourth and fifth carbon budgets, which are calibrated for previous, more lenient targets. Scrapping the green homes grant two weeks ago puts us into reverse. How will the right hon. Gentleman seek to progress local, national and international progress on energy efficiency and specifically on green homes in the run-up to and during COP26?
The UK has decarbonised its economy faster than any other G20 nation since 2000. We have met carbon budgets CB1 and CB2, we are on track to meet CB3, and of course we are pursuing plans to ensure that we meet CB4 and CB5. Ahead of COP26, we will publish a comprehensive net zero strategy.
The COP President has talked confidently about British leadership, but the Prime Minister’s 10-point plan is full of big words and no real detail. The total impact, by the Government’s own admission, is that they will not meet the fourth and fifth carbon budgets. When we pull back the curtain, there is not much to look at, and we are running out of time. He has just said, in answer to my hon. Friend the Member for Putney (Fleur Anderson), that there will be a net zero strategy. We need it before the summer recess to make the Government’s word credible ahead of COP26. Does he agree with that, and if so, what is he doing about it?
As someone who was partly responsible for preparing the 10-point plan, may I suggest that the hon. Gentleman actually reads the detail of it? I have discussed the sector-specific points in it with individuals in different sectors of industry, who have found it quite compelling. Of course I agree that we need to be doing more, and that is why I have committed to publishing the comprehensive net zero strategy ahead of COP26.
What steps is my right hon. Friend taking, in his extensive discussions with leaders around the world on making progress at COP26, to develop a global standard or taxonomy of climate change impact in financial reporting and in green labelling investment products?
As my right hon. Friend will know, the UK has taken a leading role in climate-related disclosures by implementing a green taxonomy and, very importantly, by making TCFD-aligned disclosures—recommended by the Taskforce on Climate-related Financial Disclosures —mandatory across the economy by 2025. In the conversations that I have with Governments around the world, I am urging other countries to follow a similar approach on financial disclosures. My right hon. Friend talks about asset owners in the financial services sector, and we are also encouraging asset owners and asset managers to make net zero commitments.
Tackling Climate Change: International Ambition
Ruth Edwards (Rushcliffe) (Con)
What progress the Government have made on raising international ambition to tackle climate change as part of preparations for COP26.
When the UK took on the role of the incoming COP26 presidency, under 30% of the global economy was covered by a net zero commitment. The good news is that that figure has now increased to 70% and of course I am pressing all countries to come forward with net zero commitments. However, as colleagues in this House have acknowledged previously, the United Nations Framework Convention on Climate Change’s initial “NDC Synthesis Report”, published in February, showed that we have much more progress to make on the 2030 emissions reduction target, and I am pressing countries on that as well.
Ruth Edwards [V]
The UK is a global leader in protecting the ocean, as shown by the success of its Blue Belt and 30x30 programmes, but as my right hon. Friend will know, only 1% of international waters currently have effective protection. Will he commit the UK to taking the lead in pushing for a strong global oceans treaty at the United Nations, to establish an international framework for protecting marine biodiversity in international waters?
We are working very hard to ensure that we deliver an in-person COP that allows all countries to participate on an equal footing. That is incredibly important, as many parties feel strongly that negotiations must be in person. We continue to explore how technology and other innovations can make the summit more resilient, safe and inclusive.
UN Sustainable Development Goals
Green Investment and Public Transport
Biodiversity Loss and Climate Action
Highest-Emitting Countries: Policy Objectives
Business Consultation
Civil Society and Youth Groups: Consultation
Topical Questions
Prime Minister
Engagements
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Oral Answers to Questions · Order Paper · Order Paper
My hon. Friend raises a vital issue, and she will be pleased to hear that the UK is working hard to see negotiations concluded this year on a new UN convention for the conservation and sustainable use of marine biodiversity in areas beyond national jurisdictions. That will enable the establishment of marine protected areas and help to deliver on the 30x30 target.
In a letter to all UNFCCC—United Nations framework convention on climate change—parties this week, the COP President rightly argued that we must halve global emissions by 2030 if we are to keep the goal of limiting global warming to 1.5° within reach, yet he will know that recent UN analysis makes it clear that current national pledges will reduce emissions by just 1% by the end of this critical decade. We need the major emitters to do much more if we are to close the gap. That means a need for deep cuts in American emissions and for Chinese emissions to peak by 2025, but it also means a need for tangible progress on the part of India. With the Prime Minister meeting President Modi later this month, will the COP President tell the House what the UK is willing to put on the table, particularly in terms of climate finance and technological support, to help to ensure that India feels able to increase its ambition markedly ahead of the summit?
I agree entirely with the hon. Gentleman but, of course, all countries need to make much more progress when it comes to ambitious, nationally determined contributions to the 2030 near-term emission reduction targets. I have spoken with large economies around the world. As he knows, I met Prime Minister Modi a few weeks ago and, of course, we are working on a number of initiatives with the Indian Government. When the Prime Minister goes to India, I am sure there will be further announcements.
I am grateful for that answer. Many respondents to the Business, Energy and Industrial Strategy Committee’s survey of expert views, both academics and former COP attendees, highlighted the value of remote participation for otherwise excluded groups, and for reducing the conference’s carbon footprint. Will the COP26 President explore the possibilities of wider virtual participation at COP, in addition to physical attendance at the conference?