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Marine Renewables: Fiscal Support

Part of Treasury – in the House of Commons on 24th March 2020.

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Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government take seriously their climate change responsibilities, including the target of net zero greenhouse gas emissions by 2050. That means enabling a diverse range of low-carbon technologies, and we see the use of marine renewables in the future energy mix, though developers must demonstrate how those can compete with the low prices achieved by wind and solar technologies.