Renewable Energy - 7th June 2022

Wera Hobhouse (Liberal Democrat)

1. What plans he has to support the development of the renewable energy sector.

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Mr Laurence Robertson (Tewkesbury) (Con)

20. What steps he is taking to increase investment in renewable energy projects.

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11:35 The Secretary of State for Business, Energy and Industrial Strategy (Kwasi Kwarteng)

In April, the Government published plans for accelerating renewable energy deployment in our British energy security strategy. Of course, that is very much at the centre of our strategy to ensure sustainability, affordability and security in the long term in our energy.

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11:36 Stephen Flynn (Aberdeen South) (SNP)

Thank you, Mr Speaker. Of course when we are talking about renewables, it is important in this Chamber to reflect upon the fact that Scotland boasts 25% of Europe’s offshore wind capacity and of its tidal capacity. Now that the UK Treasury is going to be coining in some £13 billion from Scotland’s North sea oil and gas sector this year alone, will it give a little bit back and match fund the Scottish Government’s £500 million just transition fund?

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11:37 Kwasi Kwarteng

I am delighted to see the hon. Gentleman so enthusiastic about energy in Scotland. I wish he would extend his support to nuclear power and other forms of decarbonised baseload. On his question, the Treasury has announced a strong investment incentive in relation to the energy profits levy.

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11:37 Kwasi Kwarteng

Scotland has the energy, and in the form of the UK Government it has a strong supporter of renewables and energy in Scotland. The Minister for Energy, Clean Growth and Climate Change, my right hon. Friend the Member for Chelsea and Fulham (Greg Hands) and I negotiated the North sea transition deal, and we are also pleased to have announced the energy transition zone in the hon. Gentleman’s constituency, powered and funded by my right hon. Friend the Chancellor of the Exchequer.

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