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

I shall come on to this in a few moments. Because of a huge lack of clarity in the Government’s energy policy—anywhere, but particularly in respect of the renewable energy component—many foreign investors will not view the UK as the destination of choice for investment in any case. We have huge potential to be the market leader for renewable and low-carbon technologies, but I think we are missing a trick when it comes to the scale of ambition and the time scale of the green investment bank. The purpose of the new clause is to probe and challenge the Government to ensure that we make this part of a growth strategy rather than to allow it to happen somewhere in the future in a way that makes it virtually meaningless.