November 5, 2009
Nick Hurd outlines the importance of the forthcoming Copenhagen climate change conference on the business community who need clear guidance on future policy if they are to be able to plan long-term infrastructure.
Mr. Nick Hurd (Ruislip-Northwood) (Con): I support the comments of my hon. Friend, but does he agree that the Secretary of State did not mention an extremely important constituency to which a real deal at Copenhagen is vital? I am talking about the business community, which has to take now the decisions on long-term infrastructure assets that are likely to determine whether we meet our interim targets. The members of that community see muddle where they want clarity and the framework for investment that Copenhagen must deliver.
Greg Clark: My hon. Friend is absolutely right. The investments that we need will come mostly from private investors and companies. They can make those investments only if they have a stable policy environment in which they can be confident. One cause of the delay in some investments is that public policy in this country and, to an extent, around the world has added to the risk, rather than reduced it. Copenhagen is an important way for us to take some of the risk away.