To ask His Majesty's Government what steps they are taking to strengthen Britain’s reputation as an international partner in the energy industry.
Answered on
29 December 2022
The United Kingdom became the first major economy in the world to pass laws to end its contribution to global warming by 2050. Its Net Zero Strategy will secure 480,000 well-paid jobs and unlock £100 billion in investment in 2030. The North Sea Transition Deal sets out how the Government will partner with industry to transition the UK Continental Shelf to a net zero basin by 2050.
The UK works closely with international energy partners through the G7, G20 and International Energy Agency. The Government led the way to reduce dependence on Russian fossil fuels in order to starve Putin’s war machine, including through energy sanctions, and maintain stable energy markets and prices. The Government will also continue to support Ukraine and has committed a total of £22 million and additional guarantees to support Ukraine’s energy sector.