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New Clause 22 — Interpretation of the green purposes: duty to assess impact on the Climate Change Act 2008

Part of Relationship, Drug and Alcohol Education (Curriculum) – in the House of Commons at 3:09 pm on 17th October 2012.

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Photo of Iain Wright Iain Wright Shadow Minister (Business, Innovation and Skills) 3:09 pm, 17th October 2012

The hon. Gentleman will recall that I mentioned this issue at length in Committee, when he quite rightly probed me on it. I reiterate my answer to Jonathan Edwards a few moments ago. There is a conflict here. What is the purpose of the green investment bank: is it to ensure that we have innovative technologies where there is current market failure making it difficult to get investment, or is it to ensure that we do as much as possible to tackle carbon emissions, meet low-carbon targets and so forth? Within that, nuclear could be a source of investment.