My Lords, I congratulate the new Government on their very handsome general election victory. I also congratulate the noble Baroness, Lady Hayman, on her government position and the noble Lord, Lord Hunt, on his new portfolio. He was a dark horse in that I knew little of the force of his convictions on the crucial issue of climate change that afflicts our planet. I hoped to learn more today, as I believe I have. Nevertheless, questions remain about whether he is truly prepared to put his shoulder to the wheel and deliver the transformative changes needed on so many fronts in the short time remaining to us, it being often repeated that this is the last decade in which decisive action can save the planet. I give him the benefit of the doubt. However, much rests on the shoulders of this Government. We on this side of the House will do our best to hold their feet to the fire to meet the challenges of climate change and nature across all sectors.
I also express my commiserations to the Conservative Benches, but I rather suspect that some of them view the result of the general election with relief, in that they can now sort out their internal differences outside the full glare of government. I hope they do so with speed, because this momentous issue needs an Opposition who speak with one voice. The country deserves to know whether they believe in the speedy transformative changes needed, or whether the deniers and delayers within their party will win the day.
I start my contribution to this new Parliament with a few thoughts on the severity of the threat we face from climate change and its provenance, because therein lies the answer. In my view, climate change is an existential crisis. There is no denying its cause: the build-up of carbon dioxide in the atmosphere started with the Industrial Revolution, led by Britain, a mere 170 years or so ago.
The rapid release of long-buried carbon through the burning of fossil fuels has violently disrupted the balance of carbon flows between rocks and soil, the oceans and our atmosphere. The fact is that when we humans burn these fuels, vast amounts of carbon dioxide are released back into the atmosphere. This excess carbon changes our climate, increasing global temperatures, causing ocean acidification and disrupting the planet’s ecosystems and weather patterns. The devastation wrought on our planet’s natural balance system is everywhere for us to witness.
At the same time as we witness extreme weather events and natural disasters increase in frequency and intensity, we watch the carbon dioxide concentration in the atmosphere go up and up. National Geographic tells us that, on 9 May in 2013, the Mauna Loa Observatory recorded a long-awaited climate milestone: the amount of carbon dioxide in the atmosphere exceeded 400 parts per million for the first time in 55 years of measurement, and probably for the first time in more than 3 million years of earth’s history. The last time the concentration of earth’s main greenhouse gas reached this mark, the seas were at least 9.1 metres —around 30 feet—higher. That is a level that would today inundate major cities around the world.
But here is the thing—then, carbon dioxide concentrations were on their way down. Today, we are in a very different scenario, because 400 parts per million is a mere milestone on a rapid uphill climb into uncharted territory. Until the 20th century, concentrations of carbon dioxide had not exceeded 300 parts per million, let alone 400 parts per million, for at least 800,000 years. That is how far back scientists have been able to measure carbon dioxide directly in bubbles of ancient air trapped in Antarctic ice cores. However, last month, in June 2024, the measured concentration of carbon dioxide in the atmosphere was 427 parts per million. That should give us all pause for thought.
It is important to have this information recorded in Hansard because we know what we will do if we continue with business as usual, and as the world continues to burn fossil fuels at an increasing pace. The tragic fact is that global carbon dioxide emissions rose again in 2023, reaching record levels.
I believe this Government get it. Their manifesto spoke about tackling the nonsensical position in which we find ourselves regarding our dependence on energy
sources from unstable regions in an uncertain world, which not just endangers our energy security but saddles our nation with unsustainable energy prices, all the while exacerbating the climate crisis.
I welcome the Government’s Great British Energy Bill to boost investment in clean power, but will the Minister tell us why the energy independence Bill has been shelved? There are other notable omissions from the King’s Speech, but I shall restrict my remarks to this sector. The Great British Energy Bill does not tackle the imbalance in the energy sector enjoyed by fossil fuel producers. There are a number of inequities in favour of the fossil fuel industry. One is MER—maximising economic recovery of oil and gas in the UK continental shelf; another is the subsidies and support enjoyed historically by the sector from various Governments. Yet another is the artificially high price of electricity.
When can we expect the Government’s priorities to turn to these matters? After all, the Labour manifesto undertook to implement the UK’s G7 pledge to end fossil fuel subsidies. When can we expect that to happen? Labour’s manifesto states:
“We will not issue new licences to explore new fields because they will not take a penny off bills, cannot make us energy secure, and will only accelerate the worsening climate crisis. In addition, we will not grant new coal licences and will ban fracking for good”.
These are fine words, which I welcome, but where is the legislation to follow through with this critical action? When can we expect news on what the Government intend to do to decouple electricity prices from the wholesale gas price? In March last year, the Guardian reported, based on research commissioned by the Liberal Democrats, that the UK Government had
“given £20bn more in support to fossil fuel producers than those of renewables since 2015”.
Can the Minister promise that such articles will now be a thing of the past?
That old adage, “Where there’s muck there’s brass” holds true today in the fight against climate change. While there are profits still to be made in fossil fuels, unscrupulous people will reap those benefits, and they have shown that they do not care how mucky they get. They must be made aware that their time is up. We must turn off the tap and stop adding ever more carbon into our atmosphere, or future generations will never forgive us.
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