Margaret Greenwood
Main Page: Margaret Greenwood (Labour - Wirral West)(9 years, 1 month ago)
Commons ChamberThe hon. Lady is entirely wrong. This Government have a clear plan, and in a way she summed it up in her conclusion. We are committed to ensuring that energy security is at the forefront, to carbon reductions, and above all—a feature that never appears except on the Conservative Benches—to keeping consumer bills down.
2. What steps her Department is taking to promote investor confidence in low-carbon energy generation.
18. What steps her Department is taking to promote investor confidence in low-carbon energy generation.
I welcome the shadow Secretary of State to her position, and in particular I welcome Otis, who I gather was born only a few months ago. That is fantastic, and I congratulate the hon. Lady on being here so soon afterwards. I wish her every success in her new role.
The Government remain totally committed to our green energy future and to tackling climate change. The success of our renewables programme has exceeded expectations, which means that we are on track to meet our targets comfortably. A key priority for the Government is to keep consumer bills down and limit the cost to hard-working families, while ensuring that the UK remains an attractive location for all forms of low-carbon energy.
The Government are axing support for onshore wind earlier than expected, cutting feed-in tariffs for solar, and ending the exemption for renewables from the climate change levy. If renewables really are the future for our energy supply, what action will the Government take to repair investor confidence?
That is an incredibly important question. More than £42 billion has been invested in renewables, nuclear and CCS since 2010, and 2014 was a record year with more than £8 billion being invested. The Government remain committed to our long-term, low-carbon future in all areas of low-carbon generation. As the hon. Lady will appreciate, we must also consider our other priorities, such as keeping bills down for consumers. The policy reset that we are undertaking is about ensuring that through our success in generating renewables, we do not impact in a devastating way on the bills of hard-working families in this country.