Oral Answers to Questions
Debate between Andrew Bowie and Stephen Crabb(8 months, 1 week ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Andrew Bowie
My hon. Friend is absolutely right. He is a doughty champion in this area—indeed, he should be with Atom Valley in his constituency. As he references, last month the Prime Minister announced significant investment in developing the nuclear skills pipeline, helping the sector to fill 40,000 new jobs by the end of the decade, including supporting plans to double the number of nuclear apprentices and quadruple the number of specialist sites and nuclear fission PhDs.
Stephen Crabb (Preseli Pembrokeshire) (Con)
Alexander Stafford (Rother Valley) (Con)
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Andrew Bowie)
The UK has already made tremendous progress in securing investment in green technologies. Recent figures indicate that the UK saw £60 billion of investment in 2023, meaning that since 2010 the UK has seen £300 billion of public and private investment in low-carbon sectors. As a Department, the ministerial team and I meet regularly with investors, such as through our second hydrogen investor forum event and regular roundtables to understand how we can better encourage investment.
Stephen Crabb
It is true that the UK has a remarkable track record of winning investment in green technology, but given that other countries are now proceeding apace with their own green investment plans, does my hon. Friend agree that if we can show that we have effective policies for speeding up planning consents for energy projects and expanding grid capacity at a far faster rate, and if we can fix our contracts for difference regime, we shall be able to demonstrate to investors once again that this is the very best place in which to invest in such technology?
Andrew Bowie
My right hon. Friend is right: we have a proud record of investment in green and clean technologies, and in many respects we are leading the world in that regard. Last year we launched our Giga project and this year we are launching CfD allocation round 6, which is the stand-out leader when it comes to enticing investors—but of course we can go faster and further, and where we can we will. That is why I am so pleased to see the work that is being done within my Department and, indeed, with industry with the aim of doing just that.