Technology: Carbon Emissions

(asked on 4th June 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 2 June 2021 to Question 6348 on Technology: Environment Protection, how much money was allocated from the Industrial Strategy Industrial Energy Transformation Fund to the low carbon fund.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 14th June 2021

The £166 million funding for green technology refers to several initiatives run by the Department for Business, Energy and Industrial Strategy (BEIS). The Industrial Energy Transformation Fund (IETF) is one of these.

The 2018 Budget announced £315 million to help high energy users in industry to cut their energy bills and carbon emissions. BEIS delivers £289 million through the IETF in England, Wales and Northern Ireland, while the Scottish Government has put its £26 million share towards a Scottish equivalent. This funding is available through several competition windows. Guidance on how to apply in IETF Phase 1 is available online, while details of future rounds will be published later this year. There have been no transfers of money between the £289m IETF and other funds.

The £16.5 million announced in May 2021 refers to the first winners from the Phase 1: Summer 2020 competition of the IETF. These 14 projects will help to reduce energy consumption and carbon emissions at industrial sites. A second tranche of winners from this competition will be announced later this year, once projects are ready to start. Headline results from this competition had been announced in January 2021, but the company names and details of their projects are newly released.

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