Clause 84 - Gas and Electricity Markets Authority sustainability duty
Energy Bill [Lords]
10:30 am
Mr Stephen Timms (Minister of State (e-Commerce & Competitiveness), Department of Trade and Industry; East Ham, Labour)
The hon. Gentleman makes a fair point. We put the renewables obligation in place so that there is a framework to attract that investment. My point is that that is working. I was delighted with the editorial in the Financial Times last week to coincide with the conference in Bonn on renewable energy, which highlighted the attractions of the environment in the UK because of the renewable obligations compared with the mechanisms that are put in place elsewhere. That confidence for investment needs to be secured and maintained and the amendment would do serious damage to it.