Carbon Capture and Storage Infrastructure Fund Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
Lord Geddes
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Carbon Capture and Storage Infrastructure Fund
Lord Geddes Excerpts(8 months, 3 weeks ago)
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Lord Callanan (Con)
My Lords, this makes me think that we cannot win on this. One part of the Opposition does not want to award these contracts at all and the Labour Party thinks we should have done it earlier. The reality is that we are proceeding with negotiations. It is our aim to have the contracts let for the first 10 projects by quarter 3 of next year. This is a really exciting technology, but we need to do the negotiations properly and get maximum value for money for the taxpayer from what is an emerging new industry.
Lord Geddes (Con)
Can my noble friend bring the House up to date on the Government’s support for tidal power?
Lord Callanan (Con)
My noble friend is dogged in his pursuit of this, and I have answered his question before. As he knows, under the last contracts for difference round, a number of tidal projects were successful in receiving funding.