Environment Protection: Investment

Department for International Trade written question – answered on 10th July 2019.

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Photo of Giles Watling Giles Watling Conservative, Clacton

To ask the Secretary of State for International Trade, what steps he is taking to encourage green investment in the UK to ensure that the UK reaches Net Zero by 2050.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

DIT’s global network is dedicated to promoting green investment in the UK, such as in renewable energy, and broader low carbon growth. For example, the UK has the biggest offshore wind capacity in the world, with full participation of global investors, developers, and a growing UK supply chain. The Industrial Strategy Offshore Wind Sector Deal builds on the UK’s global leadership position in offshore wind and seeks to maximise the advantages for UK industry from the global shift to clean growth. The Sector Deal sets out a strategy to deliver 30GW of Offshore Wind energy by 2030, and supply chain investment of £250M. The Government published its Green Finance Strategy on 2 July setting out the steps it is taking to catalyse green investment in the UK and abroad.

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