Extract from Budget debate: Rolls-Royce - Oct 27

Mr Tobias Ellwood (Bournemouth East) (Con):...I was also pleased to see that effort had been put into the net zero strategy. I wish COP26 well, but we can only expect other nations to agree to reductions in CO2 emissions if we lead by example. We have done well to cut our emissions to date, and I welcome other initiatives such as investment in electric vehicle technology, efforts to insulate homes better, and the carbon capture and storage programmes, but in my view this is not enough if we really want to move the scale. I strongly urge the Government—and I am pleased to see the Chief Secretary in his place—to advance the modular nuclear reactor programme, which is something in which we excel across the world: this is what Rolls-Royce does. The reactors cost about £2 billion per unit, and one can be made in a factory every six months. We can not only reduce the CO2 emissions in this country but help other countries around the world, including our Commonwealth friends, who may find it very difficult to reduce their CO2 emissions...

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