Oral Answers to Questions

Richard Graham Excerpts

Tuesday 3rd March 2020 Commons Chamber

[Alok Sharma]

We met the first two carbon budgets, and we are on track to meet the third. Of course, I recognise the need for further action: 2020 will be a year of climate action, as I have said, and we have new plans to decarbonise key sectors in industry.

[Richard Graham (Gloucester) (Con)]

I congratulate the Department on its far-sighted announcement yesterday that sets the tone for COP26 by allowing onshore wind and solar projects, which have local support, to bid for funding. The announcement also floated a further pot for less developed technologies, such as tidal stream and wave, some of which the Energy Minister and I met last week. Does my right hon. Friend agree that we should pursue this opportunity to develop diverse sources of green energy and look closely at the innovative tax credit proposal, innovation power purchase agreement, to help some of these technologies get off the ground?

[Alok Sharma]

I make the general point that innovation is vital in all sectors of industry, but particularly in the renewables sector. As my hon. Friend will know, the proposal that we set out will help the UK to achieve its 2050 net zero ambition. Ultimately, this is about achieving value for money by driving further cost reductions in renewable electricity.