LORDS

Former Chancellor, Lord Lawson, questioned on UK Energy Policy

14 September 2016

Lord Lawson gives evidence to the Economic Affairs Committee for its inquiry into ‘The Economics of UK Energy Policy’. Lord Lawson is a former Secretary of State for Energy. Lord Turner was the first chairman of the Climate Change Committee that was established in 2008. The Committee asks for their views on the current Government’s energy policy.

Witnesses

Wednesday 14 September in Committee Room 3, Palace of Westminster

At 3.35pm

  • The Rt Hon. the Lord Lawson of Blaby, Founding Chairman, Global Warming Policy Foundation
  • The Lord Turner of Ecchinswell, Chairman of the Governing Body, Institute for New Economic Thinking

Areas of discussion

The Committee is exploring the present mix of policy interventions and subsidies in the energy market. The core question which it is seeking to answer is: “What are the failures, if any, in the energy market and what measures are needed to correct them?”

Questions the Committee is likely to ask include: 

  • Are the Government’s objectives for energy policy the correct ones?
  • How successful has recent Government policy been in achieving those objectives?
  • What role should the Government play in the energy sector?  Is the right balance being struck between the roles of government and the private sector?
  • Should the terms of the agreement to build Hinkley Point be revisited?
  • Should the UK proceed with developing its shale gas reserves?
  • Should the UK be concerned about energy security given rising imports of oil and gas?

Further information

Image: PA

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