Renewable Energy

Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 6th November 2018.

Alert me about debates like this

Photo of Seema Malhotra Seema Malhotra Labour/Co-operative, Feltham and Heston 12:00 am, 6th November 2018

What recent assessment he has made of trends in the level of public funding for renewable energy since 2010.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

Due to the Government’s support, we have already seen the cost of renewables fall significantly. Offshore wind has halved in price since 2015 and the costs of other technologies are also falling.

Photo of Seema Malhotra Seema Malhotra Labour/Co-operative, Feltham and Heston

It is very surprising that the Chancellor’s Budget did not make any new commitments on renewable energy. Even worse is the fact that that comes with slashed grants for electric vehicles and plans to remove support for small-scale renewables. This was described by RenewableUK as a major blow to the sector. It also comes with the pursuit of fracking at any cost. On one of the greatest challenges we face today—clean, low carbon sustainable energy sources—why are the Government rolling back the clock?

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

Since 2010, we have reduced carbon dioxide emissions across the economy by 26% and across electricity generation by 47%. We are making sure that those technologies are competitive, so that they work well in the market, and so that we deliver lower prices to customers and lower levels of carbon dioxide in our atmosphere.