Deep Geothermal Energy

Part of the debate – in the House of Commons at 3:34 pm on 8 June 2023.

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Photo of Jacob Young Jacob Young Assistant Whip 3:34, 8 June 2023

I am grateful and proud to be making my first appearance at the Dispatch Box—hopefully it will not be my last.

I begin by thanking my hon. Friend Dr Mullan for securing this important and timely debate. I also thank him for his thorough report into deep geothermal energy and the associated economic opportunities, which was produced at the request of the Government. His report is right in its summation that getting to net zero by 2050 will require us to pull every possible lever, and it is also right that this transition can deliver major economic benefits to our country at the same time. I know that you, Mr Deputy Speaker, and my right hon. Friend Andrew Stephenson and many others are interested in the potential of this energy source in their areas.

Before I move to the specifics, let me make it clear that this Government remain committed to meeting our net zero ambitions by 2050. Indeed, the Russian invasion of Ukraine and Putin’s weaponisation of hydrocarbons has only hastened our acceleration away from fossil fuels and made energy security even more of an urgent priority. Thankfully, we have made rapid progress on switching to home-grown renewable electricity in recent years, this country is now home to four of the largest operational wind farms in the world, and we are building a cutting-edge new lithium refinery in Teesside, but we need to do more.

We know that we need to keep investing in renewable sources if we are to reduce our dependence on volatile energy markets and support the global fight against climate change. That means continuing to make the most of the opportunities that our geology and geography afford us, including, as my hon. Friend set out so well, the huge potential for geothermal power.