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I thank my hon. Friend for his intervention, and I commend his Committee’s report. We had a welcome debate about it before the recess, and it teased out an awful lot of the issues. I do not think that that jumping around and that policy change were helpful.
We need to set clear guidelines. We need to set out how the decarbonisation process will look. There needs to be a degree of flexibility to allow for new technologies to emerge, but there must not be a cliff edge. We do not need to march people up to the top of the hill and off a cliff face, as has happened with solar and onshore wind and may happen in future with other technologies. That upsets investor confidence in a way that we cannot afford. It will make doing what we need to do more expensive, as the banks factor additional risk into their financing agreements. We all lose from the ad hoc nature of policy in that regard.