Contracts for Difference Scheme Debate
Full Debate: Read Full DebateJim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)Department Debates - View all Jim Shannon's debates with the Department for Energy Security & Net Zero
(10 months, 1 week ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I beg to move,
That this House has considered the Contracts for Difference scheme.
This matter is of some interest to myself as an advocate of renewable energy projects, such as the enormous tidal stream potential of Strangford lough in my constituency. I had had a request in for some time to discuss this topic, and I will be referring to the impact upon Northern Ireland, but I know that others will refer to the impact upon Scotland, England and so on. I thank all right hon. and hon. Members in advance for their participation in this debate. I understand that some of those who wished to be here are unfortunately unable to due to Storm Babet in north-east Scotland, so our numbers may be reduced.
I took part in yesterday’s debate on using our ports for green energy, which seems like it is going to be the future. The Minister was here for that debate yesterday, and it is very pleasant to see him back in this place again today; we look forward to his answers. On the surface, this is an energy issue, but it goes much wider than that. It is also about the Northern Ireland economy, and I know the Minister is, like me, increasingly committed to ensuring that Northern Ireland plays its part in the economy of this great nation of the United Kingdom of Great Britain and Northern Ireland. This is about building a Northern Ireland supply chain into the process. It is about Northern Ireland’s desire to contribute to the Government’s net zero targets and to reach the target together. It is about Northern Ireland’s desire to be an integral part of the United Kingdom of Great Britain and Northern Ireland, to provide support for low carbon delivery for all in this great nation of four nations as one.
Without access to the contracts for difference scheme, Northern Ireland has almost been made a no-go area for renewables, and that does not serve the interests of either our Government here or the people of Northern Ireland. In fact, 82% of renewable developers unfortunately do not currently see Northern Ireland as an attractive place to invest. We need to improve that, and my contribution in this debate will be to suggest ways in which that can happen.
In a previous answer to a parliamentary question of mine, the Minister stated that in order to address the contracts for difference question, the issues regarding the Northern Ireland Assembly must be dealt with. However, I suggest to the Minister that things have happened since the decisions of the Assembly and the review that the Assembly did in 2019-20, and I will return to that shortly. It is in no one’s interest to insist that one cannot move ahead without the other, because there are ways of moving forward.
I respectfully remind Members that other legislation has been imposed on Northern Ireland in the absence of an Assembly, so there must be some balance here. I will give three quick examples only to illustrate the issues of where the UK Government have the power to step in. First, the abortion legislation—the most liberal in Europe—was inflicted on us without thought. Secondly, the Northern Ireland legacy Bill was imposed against the wishes of all political parties from Northern Ireland in the Chamber, and yet victims are now left with no avenue for recourse. Thirdly, and most recently, before the summer recess an incomplete and incredibly inflammatory RSE curriculum change was brought in by direct rule.
Those examples show that such things are possible. They are just examples and I will not get into the details, because I know you would not want me to, Dame Angela. I urge the Government to do the same in relation to this matter to show that it is not just on morality issues that legislation is passed without an Assembly, but in fact things that are useful, such as this request from me and others, for Northern Ireland.
The UK Government first introduced the contracts for difference scheme in 2014, following the passage of the Energy Bill in 2013. The scheme ensures that renewable energy projects receive a guaranteed price from the Government for the electricity they will generate, giving companies certainty and the confidence to invest their private capital in the UK. I know the Minister has always said that the Government are committed to that, so that issue is not in doubt today.
Contracts are awarded to developers through a series of competitive auctions, where the lowest price bids are successful, ensuring value for money for consumers, as they should. Since its introduction, the scheme has been instrumental in providing a route to market for numerous renewable energy projects and has allowed the United Kingdom to become a global leader in technology, such as tidal stream and offshore wind, both fixed and floating.
Last year, the Government announced that the scheme would be transitioned into annualised auctions. The first round to take place since the transition was allocation round 5. Others will speak to that and have their own opinions, but allocation round 5 produced a disappointing set of results, as the total gigawatt output was far less than the previous round—mostly because there was no update for either fixed or floating offshore wind. Despite that, for nearly a decade the scheme has provided a route to market for numerous renewable energy projects across Britain, creating green job opportunities, reducing emissions and enhancing energy security. All those are important and we welcome them as giant steps forward.
The change to annualised auctions presents a timely opportunity for parliamentarians in this debate in Westminster Hall to come together to debate reforms that will ensure continued success for all renewable technology across all the nations and regions of the entire United Kingdom, including—indeed, especially—Northern Ireland.
When the Energy Bill was passed in 2013, it was designed to allow Northern Ireland to join the GB CfD scheme at a future time, should the United Kingdom Government and the Northern Ireland Executive believe that was in the best interests of the United Kingdom. I will outline the case and where we are.
Energy policy is devolved to Northern Ireland and, under normal circumstances, should be the responsibility of the Northern Ireland Executive and the Department for the Economy. There has been a desire to design and deliver a Northern Ireland-only CfD, but the ambition is as yet unrealised and has no realistic prospect of happening any time soon. That is where we are and that is the reality, but there is a way forward, which I will put forward.
Will the Minister advise what discussions he has had with the permanent secretary for the Department for the Economy, if any, in the last few years, in relation to CfD? The reasons given to justify Northern Ireland’s exclusion from the Great Britain CfD were primarily around systems difficulties with the Northern Ireland shared grid and energy market with the Republic. The justification looked reasonable enough when the UK Government arbitrarily excluded onshore wind from allocation rounds 2 and 3. However, in developing its energy strategy, “The Path to Net Zero Energy”, the Department for the Economy carried out a consultation from December 2019 to March 2020. That has an impact on what I am requesting and the reasons why we have brought those requests forward. The consultation asked respondents:
“Do you agree that we should explore with BEIS the possibility of extending the contracts for difference scheme to Northern Ireland?”
That is important, as I have highlighted. The consultation found that a massive 92% of respondents answered “yes” to that question.
“The Path to Net Zero Energy”, published in December 2021, confirmed that the Northern Ireland Executive are exploring whether the contracts for difference scheme should be extended to Northern Ireland. Why? Because things have changed. Since that time—from 2013-14 and then from 2019-20, or whenever the consultation process took place—opinion has changed, as has the realisation of where the future lies better. I am a great believer, as you and others know, Ms Bardell, that the United Kingdom of Great Britain and Northern Ireland is always better together. We can do things better together. We can deliver things and think things better together by exchanging views. I know the Minister, like me, is committed to the Union and the importance of that.
The UK Government should step up to follow through with the plans in motion that allow for Northern Ireland to be included in the GB scheme. In the consultation process an overwhelming 92% of respondents said that they want that change, that integration, that participation and partnership together. This would mean that future allocation rounds have greater success for renewable energy projects across the whole of the United Kingdom—not just mainland GB alone, but elsewhere. That is so important.
One reason why Northern Ireland did not join the scheme was due to the exclusion of onshore wind. However, that argument has moved on. Onshore wind returned to the scheme in AR4 in 2021 and has been hugely successful in Scotland in both rounds. The inclusion criteria have changed from what it was in 2013-14 when the Northern Ireland Executive looked at it, and the consultation process has moved that along to another stage. A different approach is needed—not the 2013-14 one, but the one that comes off the back of the consultation process in 2019-20.
In this year’s allocation round 5, onshore wind made great gains, adding more than double the number of successful projects compared to the previous year. Again, that is an indication that the change in the United Kingdom is real, and we in Northern Ireland want to be part of that change. In allocation round 5, 24 projects were successful and they will go on to create some 40% of the total capacity in the round. If Northern Ireland had been included in the scheme, onshore wind would have had even greater success and would have benefited the whole of the United Kingdom to reach those targets of renewable and green energy that we all want to be part of. It is a technology that Northern Ireland has in abundance. We can add to the net zero targets in a culmination that the Minister always talks about in the Chamber.
Another winner of allocation round 5 was tidal stream energy, partly thanks to the Government’s ring-fenced budget for tidal stream that helped to return a record 11 tidal projects with a total capacity of over 500 MW. The scheme and the support provided through contracts for difference would also benefit tidal stream projects in Northern Ireland. For example, Strangford lough in my constituency of Strangford has obvious potential for a tidal stream, which is why there was a trial there with the 2008 SeaGen project. It was an incredibly successful pilot scheme, but it never seemed to get off the ground.
I want to put on the record my thanks to the Minister for his response to my request to visit. He was well received and I hope he enjoyed his time in my constituency, down in Portaferry with all the scientists at the Queen’s University research station. They think we could be part of this great, great scheme for the whole of the United Kingdom. Every one of us who had the opportunity to see the Minister present that day recognised his interest in the subject matter, and those that we met that day are keen to see the project—SeaGen as it was then —commissioned.
The trial was commissioned by Marine Current Turbines with an investment of £12 million. The project involved the installation of two 600 kW turbines producing 150 kW of electricity to the grid in July 2008. SeaGen generated electricity at its maximum capacity for the first time in December 2008. I remember that scheme very well; I was a member of the Assembly back then. I was also a member of Ards borough council. We were incredibly excited. Those of us who had a vision for net zero and green energy recognised, even back in those days, that this is where we want to be and need to be. It is more of an issue today because we are all looking at it as time has marched on.
The scheme has produced 5 GWh of tidal power since its commissioning. That is equivalent to the annual power consumption of 1,500 households. That is exciting because we had the evidential base and could see that producing the energy for every house in Portaferry and maybe every house in Strangford—just as examples. Including Northern Ireland in the contracts for difference scheme can ensure more projects like this one go beyond a trial to help strengthen the UK’s energy security and meet net zero targets.
That brings me to my final point. It is important that we recognise that, as it stands, Northern Ireland is being disadvantaged. The unavailability of contracts for difference is deterring British investment in Northern Ireland. As one who believes honestly and proudly in the strength of the Union of the United Kingdom of Great Britain and Northern Ireland, it is clear to me and I am sure to other Unionists, as it is hopefully clear to the Minister and everyone else, that extending the remit of the CfD scheme will significantly support the United Kingdom to meet its net zero commitments. Crucially, it will enable Northern Ireland to play an increased role in reducing UK carbon emissions, if all the regions are working together. I want Northern Ireland to be a part of that and, if I can accumulate and sum up in one sentence what I hope to achieve, I hope the Minister will agree that that is worthy of consideration.
I believe that the alternative of providing Northern Ireland with access to the GB CfD scheme is the best available option for us in Northern Ireland to allow for greater levels of private investment and faster delivery of renewable energy. The 2019-20 consultation, along with the recommendation and the final figures from 2021, saw 92% of businesses saying the same thing. Northern Ireland’s inability to participate in CfD is placing it at a competitive disadvantage to mainland GB. I know of at least two companies that are keen and willing to consider tidal energy possibilities and potential in Strangford lough. The change in the CfD scheme will be the difference for that success, which I want us all together to have within this great nation.
In the light of our shared commitment to strengthening our Union, I ask and request that the Government investigate providing Northern Ireland with access to join the contracts for difference scheme. The reform we are asking for would benefit everyone—especially us in Northern Ireland—when it comes to meeting net zero targets across this great United Kingdom, and would ensure that Northern Ireland’s generators are provided with access to the GB scheme to ensure greater levels of private investment and to increase Northern Ireland’s capacity to deliver renewables. We want to be part of that, and I know the Government want us to be part of it too. I am putting forward a solution for how we can deliver that together for everyone, to help the United Kingdom of Great Britain and Northern Ireland secure its pathway to net zero.
I know the Minister, right hon. and hon. Members are all committed to the Union—except for maybe one person! We are committed to delivering on the CfD scheme. We all see the benefits of that. Northern Ireland industry and her people are in grave need of support and help, and this inclusion in the United Kingdom can make change happen and will make a real difference to industry. The Minister’s hands are not tied. The precedent has been set. He must do the right thing and level the playing field to ensure that Northern Ireland can be part of that team of the four regions together, delivering net zero by making sure that Northern Ireland is part of the CfD scheme.
I will make a little more progress, if I may.
The CfD scheme is a major UK success story. It has secured more than 30 GW of capacity, including 20 GW of offshore wind, since 2014. It has driven down the price of offshore wind by about 70% in that time, helping to grow the industry and its supply chain both in the UK and globally, although as the hon. Member for Manchester, Withington says, I have previously publicly expressed the desire to do more. We are coming forward with non-price factors as a way of encouraging more of the supply chain to be in the UK. But have no doubt: this has been a phenomenal success for us, for British jobs, for British consumers and for the world. We have the four largest offshore wind farms in the world, with more than 14 GW already in operation and a further 77 GW in the pipeline. It is a pleasure for me that of course the largest offshore wind farm in the whole world is Hornsea 2, named after a small town in my constituency. The UK is a world leader in floating offshore wind, with one of the largest amounts of operational capacity anywhere in the world, at 80 MW to date.
The hon. Member for Strangford says that the results of allocation round 5, which concluded in September, were disappointing because the total capacity secured was less. As I have said, I do not accept the characterisation of that round, because it has in fact realised the highest amount, on an annualised basis, of any of the rounds we have ever run. It resulted, in fact, in more projects—95—than we have ever seen successfully done, even though it covered just a one-year window. The round delivered a combined total of 3.7 GW, which is enough to power the equivalent of 2 million homes. As I have said, there was more than double the number of onshore wind projects. We also secured—I have touched on this already—another good result for solar, and four times as many tidal stream projects as AR4 did.
I pay tribute to the right hon. Member for Orkney and Shetland (Mr Carmichael) for his doughty support for the sector. I did not realise that his involvement had stretched to 20 years, but when I visited his constituency he was there to characteristically champion the industry. For the first time in our CfD, we had success with geothermal. This vital new renewable capacity was procured in a competitive auction set against, as I say, a backdrop of highly challenging macroeconomic conditions.
I thank the Minister for that clear achievement. I remind him that the key technology for Northern Ireland is onshore wind. There have been some advances, and I attended a meeting in Bangor, in the neighbouring constituency of North Down, where an offshore wind turbine was put forward as a possibility for the future. We cannot be part of that process unless the Minister’s Department can reconsider the fact that there is an absence of a functioning Northern Ireland Executive. Northern Ireland’s renewables projects are being uniquely disadvantaged. There is an opportunity to go forward—I am ever mindful of time, Dame Angela; please bear with me one second—and in 2013-2014 a decision was made. That was changed by the consultation process in 2019-2021. The recommendation was endorsed by 93% of the respondents. I gently ask the Minister that with that unique and changing position, there is a chance now and we should be looking at how we can better move forward together.
I thank the hon. Gentleman for that intervention. I will return to the issues relating to Northern Ireland, if I may. I entirely forgive the hon. Member for Coatbridge, Chryston and Bellshill, who is always a very genial Member, and anyone who has such a high opinion of the hon. Member for Strangford as he does is always welcome in this Chamber as far as I am concerned. This is not what the hon. Member for Coatbridge, Chryston and Bellshill does as a day job, so perhaps that explains the nature of his speech.
Let me dispense once again with the suggestion that consumers are £2 billion a year worse off because we did not secure any offshore wind in AR5. That figure is entirely wrong and misleading, because it does not take account of future wholesale energy prices. Projects that were unsuccessful in AR5, or chose not to bid, can participate in AR6 in 2024, which is just five months away. Having annual rounds means that there will be minimal delay to deployment at minimal or no additional cost to consumers.
The hon. Member for Coatbridge, Chryston and Bellshill highlighted the broader point that the UK, alone among major economies, has halved its emissions since 1990. It can be argued that it is alone among major economies on its path to reach net zero. It is important to note that if we are to stay on track to net zero, which is one of the reasons why the hon. Member for Strangford is so passionate, and he knows this, we need Wales, Northern Ireland and Scotland alongside England to make the appropriate changes. The hon. Member for Coatbridge, Chryston and Bellshill may or may not be aware, given that this is not his day job, that Scotland is behind the curve on performance. It is high on ambition, low on delivery relative to England, and he might want to bear that in mind and have slightly more—
Whoever comes into this Chamber, I would always take your advice, Dame Angela, but of course the hon. Member represents his party, and when he make allegations against the Government that are unfounded, and when his own Government are failing to deliver on their ambitions and are, in fact, behind the trend for England, it is only right and proper in the spirit of honesty and transparency that that is properly exposed. I know the hon. Member for Coatbridge, Chryston and Bellshill, who himself is not normally a shy person in the Chamber or otherwise, is someone who can easily take it, so I am pleased about that.
I will take no lessons either from Labour, which had only 5.4 GW of wind power when it left government in 2010. The Government have more than five times that amount, at more than 28 GW of wind power, and the four largest operational offshore wind farms in the world. It may be difficult for some to hear, but we know that Labour’s record on renewables is truly dismal. When Labour was in power, as recently as 2010, renewables made up less than 7% of our electricity mix; in the first quarter of this year, we had reached nearly 48%. Lessons will not be taken from His Majesty’s Opposition, let alone the Scottish Government, on this front.
The absence of offshore and floating offshore wind from AR5 was, as I have said, regrettable. These are challenging times for the offshore wind sector, with increasing global demand putting pressure on supply chains at the same time as increasing costs and core materials, resulting in price uncertainty both here and abroad. As both the Secretary of State and I have repeated on many occasions, our ambition for 50 GW of offshore wind, including up to 5 GW of floating by 2030, remains. I indicate to Members to look at the 77 GW of pipeline that we can see ahead. We are listening to the sectors and, as I have said, the annual auctions mean that we can respond quickly and incorporate learnings into the next round. We will publish the core parameters, including the administrative strike prices and pot structure, for allocation round 6 in the middle of next month.
I will turn to the main focus of the debate for the hon. Member for Strangford: the GB CfD scheme being extended to Northern Ireland. When the CfD scheme was being developed around 10 years ago, it was originally intended that it should extend to Northern Ireland as well as GB. For various reasons, which I will not go into here, that did not happen. In December 2021, the Northern Ireland Executive published their energy strategy, the “Path to Net Zero Energy”, in which they set out the intention to implement a support scheme to bring forward investment in renewable electricity generation in Northern Ireland. The strategy indicated that the Northern Ireland Executive were, at that time, exploring with the UK Government the possibility of extending the GB CfD scheme to Northern Ireland, with a view to the inclusion of projects from Northern Ireland in the 2023 allocation round. If that was not possible, the strategy said that the Executive would seek to put in place an alternative support mechanism for investors.
In January 2022, the Northern Ireland Executive published the first of their two action plans, outlining progress towards implementing their net zero strategy. In it, the Executive said that they would consult on proposals for a renewable electricity support scheme for Northern Ireland. In February this year, the Executive made good on that commitment and published a consultation inviting views on design considerations for a renewable electricity support scheme for Northern Ireland. The consultation closed in April, and the Northern Ireland Executive are currently undertaking follow-up work on the scheme’s design, informed by the consultation responses they received.
I understand that officials in the Northern Ireland Department for the Economy aim to publish the design of the scheme this year, as committed to in its 2023 energy strategy action plan. The consultation clearly sets out the direction of travel: Northern Ireland wants to have its own bespoke support scheme for renewables. In June 2022, Northern Irish and UK Government Ministers agreed that the significant challenges of integrating Northern Ireland into the CfD scheme meant that Northern Ireland would be better off pursuing its own scheme. That objective had cross-party endorsement in the Northern Ireland Executive before they dissolved last year.
I believe that the hon. Member for Strangford and I agree that a bespoke support scheme for renewables is the preferred means of securing investment in renewables for Northern Ireland. However, he has argued that the Northern Ireland support scheme cannot be implemented while the Northern Ireland Executive are suspended. If I am putting words in his mouth that he does not agree with, he will intervene on me. He believes that allowing Northern Irish projects access to the GB CfD scheme is the best available option for delivering investment and faster deployment of renewables in Northern Ireland. He knows that I do not agree with him on this.
I do not believe that integrating Northern Ireland into the GB CfD scheme is viable. There are several significant challenges to integration, including systemic and technical barriers incorporating the characteristics of the single electricity market into the GB CfD model, as well as the reforms being considered in the GB review of electricity market arrangements. Furthermore, integration would require complex changes to the CfD payment mechanism, secondary legislation and industry codes, and would likely take several years to complete. Integration therefore would not lead to faster delivery of renewable energy in Northern Ireland, which I know the hon. Member for Strangford so fervently hopes for.
The Minister is summing up very well his opinion and my opinion. What we do not have is an agreement on how we take this forward. I know the Minister recognises that Northern Ireland is disadvantaged at the moment. What I was trying to seek was a method and a way forward. For that to happen, perhaps further discussions are needed with the Department of Enterprise, Trade and Investment to get its opinion. I feel that there is a consensus of opinion among those who wish to see that investment coming through. Perhaps what I am really asking is for the Minister to explore those possibilities as a potential way forward.
The hon. Gentleman always makes an extremely plausible and effective advocate for the ideas that he espouses. I—and the Government, I am sure—will remain open to discussions with those in Northern Ireland and with the hon. Gentleman to find solutions. We talked about some of the challenges of staying on the overall net zero pathway. Of the four Administrations, Northern Ireland is potentially the most off track, so there is a real need to find solutions and we always stand ready to work constructively to find the best way forward.
I continue to believe, however, that the development of a bespoke support scheme offers the best and quickest way for Northern Ireland to secure the investment in renewable electricity generation that it needs to achieve its net zero goals. I have not said it explicitly but, of course, energy is devolved, so we are looking to the institutions in Northern Ireland, on behalf of the people of Northern Ireland, to take this on. That is what we would profoundly like to see. I commend the work done by the hon. Gentleman and the Department for the Economy so far, and I encourage us all to support their efforts.
I will try—I hope reasonably briefly, with your permission, Dame Angela—to respond to a few of the other points that have been made. My hon. Friend the Member for Waveney chided me in return, to ensure that we do not rest on our laurels and that we respond appropriately to IRA and perhaps EU initiatives in the space. He talked about creating incentives, picking up on the supply chain development issues that many Members have touched on, and ensuring that seabed auctions are a good place to do that. As he knows, I set out the work that the Crown Estate is already doing to put conditions on at that stage, in addition to changes to the CfDs.
I take on board my hon. Friend’s points about the administrative strike price, and ensuring that we get it in the right place in order to balance keeping costs down for consumers with getting the generation that we want and need. We will set out the pot details in just a few weeks, so I will leave commenting on his appeal for a ringfenced pot for offshore wind. On his request for the pot to reflect the pipeline, that is the mechanism we use for the CfD. That is one of the reasons for setting out the core criteria in November and providing more details in March—precisely so that we can match the budget and the other elements that make up the CfD with a realistic assessment of the pipeline in place. His Majesty’s Treasury and the Chancellor will have heard my hon. Friend’s points on the issues that, sadly or otherwise, sit with the Treasury rather than my Department.
From the right hon. Member for Orkney and Shetland, I heard, as ever, his espousal and support for tidal, and he talked about setting a target for that. The Government remain open and we will continue to consider that, but we have not yet made a decision on whether it would be the right thing to do. It is about doing the right intervention at the right time, based on the stage of development of a particular technology. However, like him, I am proud of the fact that we have been able to see it come on, and see some of the developments in his constituency. The hope to see those operationalised and scaled up here in the UK, with a big and strong domestic supply chain, is one that gives real optimism for the future.
I thank all right hon. and hon. Members who took part in the debate. I suspect there was a bit of blue on blue between the Minister and the hon. Member for Waveney (Peter Aldous), but it was done in a nice fashion and not aggressively—that is the hon. Member’s nature. I thank him for his knowledge and interest in this issue. I knew that he would bring a massive amount of knowledge to the debate, and I thank him for sharing it. He wants to see clear pipelines and better investment, which I think we all do. A key theme is better investment, and I thank him for his contribution.
Whenever the right hon. Member for Orkney and Shetland (Mr Carmichael) makes a contribution to a debate or asks a question in the main Chamber, we all sit up and take note, because he has a great deal of knowledge about marine renewables. He wants to see marine power ringfenced, and he is right to do so.
The hon. Member for Coatbridge, Chryston and Bellshill (Steven Bonnar) may have stepped in as a replacement spokesperson for the SNP, but he made a valuable contribution. I am reminded of Bruce Forsyth’s catchphrase, “You’re my favourite,” because the hon. Member is perhaps my favourite among his party. We are good friends. We do not support the same football team—he and I know that—but there are lots of things that we can enjoy together. He referred to investment, which is so key to this issue.
The job of the Opposition is to challenge, and the shadow Minister, the hon. Member for Manchester, Withington (Jeff Smith), did that. He tried to be positive, but he also engaged with the relevant issues. He wants to make sure that the investment, jobs, skills and opportunities are delivered by 2030, if not before.
I will outline the issue again. The Minister summarised where we are, but let us look at the consultation process. The figure of 92%, which I mentioned, refers to the proportion of businesses that say they need investment now. We do not have a working Assembly—that is a fact of life—but 92% of businesses in Northern Ireland want investment, and we need to see that happen. For me, it is quite simple: I want to see us contribute to the net zero target set by the central Government. I want to see jobs and opportunities coming through. Some 50% of global capacity is in tidal stream, and we can do our part to deliver that in Northern Ireland. It is only fair that Northern Ireland is provided with the same route to market as the rest of the United Kingdom.
I think the Minister and I will have lots of correspondence on this matter, but it does not mean that we are not friends. We need to chart a way forward so that we can ensure that Northern Ireland is a positive part of the solution that we all want to find. Again, I thank all right hon. and hon. Members for their contributions, and I thank you, Dame Angela, for your patience with us all. We may get a wee bit animated at times, but you kindly bring us into line in a nice way so that we are not offended. For that, we thank you.
Thank you. In the interests of the debate, I have been very lax, because we have had lots of time.
Question put and agreed to.
Resolved,
That this House has considered the Contracts for Difference scheme.