Carbon Budgets

Part of Energy and Climate Change – in the House of Commons at 10:30 am on 11 November 2010.

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Photo of Gregory Barker Gregory Barker The Minister of State, Department of Energy and Climate Change 10:30, 11 November 2010

My hon. Friend is absolutely right. That was an excellent settlement for the green agenda and we now have the resources to fund our core mission of moving towards a low-carbon economy. Ultimately, however, it will be the private sector and private capital, taking advantage of the opportunities that those resources afford, that will allow us to achieve that big transformation. All our initiatives and market reforms are aimed at crowding in private sector capital and making the private sector an exciting place to invest for entrepreneurs and investors.