Energy Bill

I thank the noble Lord for giving way. I want to clarify that, as I said in my speech at Second Reading and as I have consistently said in Committee, I agree with the setting of outcomes in terms of what the Government want to achieve. However, I am nervous of the micromanagement of individual technologies through ever smaller targets. An editorial in the Financial Times this week asked why we could not have a process where the Government set the objectives and the market chose the least costly and most sensible solution. I have consistently said that is what we should be doing. This Bill is not taking that approach and I fear that another very specific technology target might be the straw that breaks the camel’s back.