Finance (No. 3) Bill (Fourth sitting) - 29th November 2018

Here are the climate-related sections of speeches by MPs during the Commons debate Finance (No. 3) Bill (Fourth sitting).

Full text: https://hansard.parliament.uk/Commons/2018-11-29/debates/94003C23-FB5E-457F-8F16-C971E3F6C84D/FinanceNo3BillFourthsitting

Jonathan Reynolds (Labour)

‘(9) The Chancellor of the Exchequer must commission a review on impact of the amendments made by this section on CO2 emissions from plant and machinery operated in the United Kingdom.

This amendment would require the Chancellor of the Exchequer to review the effects of this Clause on CO2 emissions from plant and machinery, and report on those changes by the end of the tax year 2019-20.

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15:39 Jonathan Reynolds (Labour)

According to the Government’s own statistics, published in March 2018, carbon dioxide emissions from the business sector accounted for 18% of all emissions in 2017. While there has been a laudable 41% drop in carbon dioxide emissions from the business sector since 1990, we all know that we have to do more, as quickly as possible, to achieve the change that is so urgently needed to avert climate catastrophe. I therefore urge all Members to vote in favour of these amendments, to give us the information we need to get a clear picture of the impact this will have on business, industry and the environment.

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15:44 Mel Stride (Conservative)

The Government’s commitment to meet the emissions reductions target has never been stronger. The Climate Change Act 2008 provides a world-leading governance framework, which already ensures that our overall progress is robustly monitored and reported to Parliament. As the hon. Member for Stalybridge and Hyde pointed out, benchmarked against 1990, there has already been significant progress. The Committee on Climate Change provides regular advice to the Government on how best to achieve our targets, and on the impact of existing policies.

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