Offshore Wind Sector

Part of Business, Energy and Industrial Strategy – in the House of Commons at 12:00 am on 17th July 2018.

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Photo of Mary Creagh Mary Creagh Chair, Environmental Audit Committee 12:00 am, 17th July 2018

Britain needs about £22 billion a year of investment in clean energy to meet our legally binding EU renewables targets, but my Committee heard that, according to Bloomberg New Energy Finance, investment has collapsed over the past two years. Given that the Brexit White Paper says that the Government believe that there is no need for a common rulebook on environmental or climate change rules, what confidence can investors in offshore or onshore wind have that the Government will support low-carbon energy if we leave?