Low-carbon Technologies
Energy and Climate Change
Tom Harris (Glasgow South, Labour)
To ask the Secretary of State for Energy and Climate Change what recent assessment he has made of the level of investment in low-carbon technologies in the UK.
Gregory Barker (Minister of State (Climate Change), Energy and Climate Change; Bexhill and Battle, Conservative)
In February, Ernst and Young upgraded us to 5(th) in the world for 'overall attractiveness' for renewable energy investment.
Clean Tech Group estimated 2011 UK venture capital investment in clean technology at around $566 million, ranking us third in the world after the USA and China.
We forecast that 4 GW of renewable electricity will become operational in the coming year, representing a doubling of installed capacity since May 2010.