Renewable Energy

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 11:30 am on 1st May 2003.

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Photo of Patricia Hewitt Patricia Hewitt Secretary of State, Department of Trade and Industry 11:30 am, 1st May 2003

Yes, I have already made precisely those points to Ofgem, and they will be reinforced in the new guidance to which I have referred. In addition to the work of the regulator, the renewables obligation, which by 2010 will be worth about £1 billion a year to the industry, and the new carbon emissions trading scheme, which we will bring into effect in about 2006, will both help to accelerate the development of the renewables industry that we need to deliver sustainable energy to domestic and business consumers in Britain.