Lords energy inquiry: UN’s Special Envoy for Climate Action and Finance Dr Mark Carney to give evidence
Monday 25 April 2022
On Tuesday 26 April 2022 the Lords Economic Affairs Committee will be taking evidence from the former Governor of the Bank of England, Dr Mark Carney and representatives from SSE plc and Octopus Energy Generation.
These evidence sessions, which are open to the public, will be held in Committee Room 3 of the House of Lords and streamed live on Parliament TV.
At 3.15pm, the committee will hear from:
- Dr Mark Carney, UN Special Envoy for Climate Action and Finance and former Governor of the Bank of England.
At 4.15pm, the committee will hear from:
- Martin Pibworth, Chief Commercial Officer, SSE plc
- Zoisa North-Bond, Chief Executive, Octopus Energy Generation.
Questions the committee is likely to cover in these sessions include:
- Given the huge investor appetite to invest in the transition to net zero, why do central banks and regulators need to ramp up their tools to encourage such investment?
- How should private investment be focused in order to deliver a reliable and affordable transition? How much of the focus would be on supply, and how much would be on reducing demand?
- The committee has heard that data needed to support trustworthy and transparent climate disclosures “does not exist” or is too qualitative. What steps could be taken to support businesses to disclose better quality data?
- Is there a risk that fossil fuel investment is overly stigmatised before low carbon infrastructures are ready, leading to a disorderly transition?
- What level of investment is required in the UK to meet net zero targets and what are the barriers to unlocking this investment?
- What reforms to the planning system are needed to support the roll out of renewables?
- How can government ensure that there is sufficient investment in the integration technologies (such as storage, interconnectors and other grid infrastructure) to provide a stable and affordable power supply?
The committee’s work can be followed on its website and via Twitter.
The committee’s UK energy supply and investment inquiry is finding out if the Government’s energy strategy is delivering investment in an energy supply that is resilient, affordable and in line with achieving net zero emissions. The focus of this inquiry is on long-term energy policy and trends in the energy market.
Read the transcripts of the committee’s previous oral evidence session on 5 April 2022:
