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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 Alistair Carmichael Alistair Carmichael Liberal Democrat Chief Whip, Liberal Democrat Spokesperson (Exiting the European Union), Liberal Democrat Spokesperson (Foreign and Commonwealth Affairs)

In order to compete with those technologies, these renewables have to get from the research and development stage to commercial deployment. The industry knows that and has come up with a mechanism known as the innovation power purchase agreement. Is there any reason why the Government are not engaging with that? I have to tell the Minister that these developers are not going to hang around in this country forever. If they cannot make that step here, they will go elsewhere and do it.