Renewable Energy: Expenditure

Department for Business, Energy and Industrial Strategy written question – answered on 2nd May 2019.

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Photo of Louise Haigh Louise Haigh Shadow Minister (Home Office) (Policing)

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his oral contribution of 23 April 2019, Official Report column 626,, what the level of cross-subsidisation has been from the oil and gas industry to the renewables industry in each year since 2010.

Photo of Kelly Tolhurst Kelly Tolhurst Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Since 2010, the cumulative installed capacity of renewable electricity generation in the UK has increased by 340%, with support costs for deployment being met by the electricity consumer. During this period, tax receipts from the oil and gas industry in the UK amounted to £32.96 billion. Total allocation of general taxation for energy innovation spend has been £3.33bn, of which £3.27bn has been for renewables and low-carbon technologies.

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