Cop27

Part of the debate – in the House of Commons at 12:34 pm on 9 November 2022.

Alert me about debates like this

Photo of Rishi Sunak Rishi Sunak The Prime Minister, Leader of the Conservative Party 12:34, 9 November 2022

The right hon. and learned Gentleman raised the matter of my attendance at COP. I gently point out to him that Labour Prime Ministers failed to attend, I think, 12 of the 13 COPs held during their time in office. As Chancellor, I hosted the finance day on COP last year, where we had landmark agreements to rewire the financial system to unlock the trillions of dollars that we need in private finance to flow to help us with the transition. It is a record that I am proud of and one, by the way, that is recognised around the world.

Let me deal with the right hon. and learned Gentleman‘s brief substantive questions. He asked about renewable power. Forty per cent. of our electricity now comes from renewable power. That is up fourfold since 2010. What did we inherit? A Labour Government who believed there was no economic case for new nuclear power. He talked about oil and gas. Again, he needs to live in the real world. Oil and gas are going to be a part of our energy mix in the transition for several years ahead. It is simply pie in the sky to pretend otherwise. The independent Climate Change Committee has even recognised that. The carbon footprint of homegrown gas is half the footprint of importing gas from abroad, so it is a sensible thing to do.

Our plan is the right plan. It is realistic, it is credible, it is delivering for the British people, as well as delivering on our climate commitments. The right hon. and learned Gentleman’s own shadow Chief Secretary described his climate plan as a “borrowing plan”. We know where that leads us. It is not the right thing for the British people. [Interruption.] I know the British people trust me to manage the economy and they will not trust the Labour party. The right hon. and learned Gentleman might be focused on reparations around the world. We are focused on creating a strong economy here at home and that is what we will do.