Oral Answers to Questions Debate
Full Debate: Read Full DebateAlan Brown
Main Page: Alan Brown (Scottish National Party - Kilmarnock and Loudoun)Department Debates - View all Alan Brown's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 8 months ago)
Commons ChamberBEIS regularly has talks with Her Majesty’s Treasury on these issues. Let me reiterate that we plan to be a science superpower by 2024-25, with a £22 billion investment. We also have a Second Reading debate today on a high-risk, high-reward agency. Furthermore, in terms of the spending review, more than £40 billion across Government was spent on science.
The Chancellor’s Budget recently announced significant investment for energy transition projects in Scotland. We hope to shortly announce the North sea transition deal, which will play a vital role in transitioning the oil and gas industry to low carbon alternatives.
COP26 will allow Scotland to showcase existing and emerging net-zero technologies, but, policy-wise, we need to see a minimum floor mechanism for pumped storage hydro. We need innovation power purchase agreements available for wave and tidal, a contract for difference for hydrogen and the go-ahead for the Acorn carbon capture and storage project. Will the Minister meet me to discuss these matters and take the necessary actions ahead of COP26?
It is always a pleasure to meet the hon. Member for Kilmarnock and Loudoun (Alan Brown) to discuss these matters. COP26 is such an important moment, not only with our carrying the responsibility of the presidency to help encourage other countries to do more to reach their net-zero targets, but in order to showcase the genuinely world-leading decisions that we have taken to drive our own net zero.