(3 years, 6 months ago)
Commons ChamberIn December, the Government aim to deliver their biggest auction for renewables yet through the contracts for difference scheme. Our £240 million net zero hydrogen fund and forthcoming hydrogen business model will enable us to deliver our 5 GW low-carbon hydrogen production ambition to use across the economy. We have also announced the clean heat grant and the green heat network fund, and will launch the green gas support scheme later this year.
There is a short answer, or I could give my right hon. Friend a longer one. Brilliant. [Laughter.]
Does my hon. Friend agree that one of the many natural advantages we are blessed with is the tide around the shores of the United Kingdom, and will she bring forward at the earliest opportunity the Government’s proposals to unleash tidal power?
Let me first pay tribute to my hon. Friend’s work as a net zero business champion for COP26; he is doing an extraordinary amount of work, and has been tireless in his efforts to support the country’s business community to showcase its extraordinary leadership in tackling climate change and heading to net zero.
Tidal generation does indeed have a potentially important role in the long-term decarbonisation of the UK. Projects will need to demonstrate value for money to compete with other renewables over the long term. The Secretary of State and I are very keen to hear from those who want to progress such projects.