Part of the debate – in the Senedd at 5:27 pm on 9 June 2021.
One of the areas where we would like to see movement would be to devolve the Crown Estate. That would not only boost our economy, it would give us more control over the resources that would be so important for us to invest in as part of our green recovery and in the fight against climate change. Following the Scottish independence referendum in 2014, the Crown Estate was devolved to Scotland, but in Wales revenues continue to disappear to the Treasury and to Buckingham Palace, and that revenue is substantial. It is estimated that the Westminster Government could raise up to £9 billion over the next decade by auctioning offshore land to people who will develop sustainable energy sources. Wales is about to lose out on the green economic rent from our own resources.
And, turning to energy projects, we have consent for renewable energy schemes of up to 350 MW, but control over the grid infrastructure that distributes the electricity to our homes remains with Westminster. This clearly hinders Wales's ability to invest in major projects. The obvious example of this was the tidal lagoon in Swansea. Westminster was unwilling to support that project, so the project didn't happen.
And on the subject of reducing our infrastructure, what about the railways? Wales has 11 per cent of the railway track in these islands, but receives only 1 per cent of the investment. And while transport is a devolved area, rail infrastructure is not. What a mess, Llywydd, and this mess means that investment once again is not coming to the people of Wales. It also means that we are losing out on billions of pounds that we would have gained through Barnett as a result of HS2—money that we could have invested in our country.
Deputy Llywydd, I'll just conclude by saying that this debate is supposed to be about creating opportunities, opening up spaces, not shutting things down as the Tories want to do, evidently. It's so disappointing also that the Government has started a new term by using the same old trick of 'delete all' on our motion. We will need more ambition than that.