Carbon Capture and Storage Infrastructure Fund - Question

Part of the debate – in the House of Lords at 2:50 pm on 16 October 2023.

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Photo of Baroness Blake of Leeds Baroness Blake of Leeds Opposition Whip (Lords), Shadow Spokesperson (Energy and Net Zero), Shadow Spokesperson (Business and Trade) 2:50, 16 October 2023

My Lords, the Government have only recently entered negotiations with track 1 clusters, despite the climate investment fund being announced three years ago. They have earmarked £0.3 billion of the £1 billion fund for this financial year. This does not leave much time for negotiating. Are the Government concerned that this deadline, caused by their own delays, will impact on their negotiating position? Is the Government’s priority using this money well or simply using it?