To ask His Majesty's Government what plans they have to encourage the transition away from fossil fuels to more sustainable energy sources through further investment in new technologies.
Answered on
29 March 2023
The Government primarily supports green electricity through its flagship Contracts for Difference scheme, which has so far awarded contracts totalling nearly 27GW of new low-carbon electricity capacity across all technologies. This month the Government has launched CfD Allocation Round 5, which is the first in a series of annual auctions going forward.
In the Spring Budget, my Rt. Hon. Friend Mr Chancellor of the Exchequer also announced an unprecedented £20 billion investment in the early development of Carbon Capture, Utilisation and Storage (CCUS), to help meet the Government’s climate commitments.