Climate Change Policy Debate
Full Debate: Read Full DebateBen Lake
Main Page: Ben Lake (Plaid Cymru - Ceredigion Preseli)Department Debates - View all Ben Lake's debates with the Department for Business, Energy and Industrial Strategy
(5 years, 4 months ago)
Commons ChamberIt will be published as soon as possible. I thank my hon. Friend for that meeting. As he will know, energy companies are voluntarily bringing forward what are in effect smart export guarantee prices, so those price signals are already coming through. As I said, we want to get it right. We do not want to find, as we did with feed-in tariffs, that we have committed more than £30 billion, as we will have done over the lifetime of that scheme, to deliver a relatively small number of installations. We want to future-proof the smart export guarantee and we want to make it stick.
The Minister mentioned in her statement that the Government had sought the advice of the Committee on Climate Change on a net zero target. Can she reassure the House that, should this advice entail a greater investment in low-carbon innovation than the £2.5 billion detailed in the clean growth strategy, the Government will commit additional funding as necessary?
The hon. Gentleman is inviting me to make funding bids to my colleagues in the Treasury. Of course, I would want to make that bid. Innovation funding and co-partnership on innovation is a huge success and one we need in order to drive down costs and drive up deployment.