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Climate Change Bill [HL]

I support this amendment and I am minded to do so because of a remark made by the noble Lord, Lord Rooker, when summing up on the previous amendment. He said that several companies would make a lot of money out of this. If these harsh duties—I use the word advisedly—are imposed on industry, society and government, which is what the Bill will do, somebody will come along and say that they can sell us a widget for one and sixpence—or £20, or whatever the sum may be—to help us do this. There is going to be an immense incentive for companies to invest in things that will help us. That is how we are going to conquer this problem. We will conquer it more by investment and intelligent science than by exhortation. We must create the right climate for investment and intelligent science. That is why I support what my noble friend has proposed.