Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
Dominic Raab
Main Page: Dominic Raab (Conservative - Esher and Walton)Department Debates - View all Dominic Raab's debates with the Department for Energy Security & Net Zero
(12 months ago)
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Claire Coutinho
The UK has one of the most ambitious climate targets in comparison with any of our international peers. The UN’s emissions gap report, published just last week, shows that the UK is expected to reduce emissions between 2015 and 2030 at the fastest rate in the G20 group. We remain extremely ambitious about climate change. We have over-delivered on all our carbon budgets to date, and the work that has been done shows that we will continue to do so.
Dominic Raab (Esher and Walton) (Con)
The committee’s recent progress report advocated a faster transition to lower-carbon energy. What fiscal and regulatory measures are the Government taking to encourage more capital investment by business in this important area?
Claire Coutinho
We are already taking steps. We have set out new plans for another round of renewable auctions, and we have set out the most radical plans to unlock the electricity grid since the 1950s. We have also launched a new gigafund that will unlock supply chains across all these areas, and we can see that investors are voting with their feet.