Energy: Subsidies

(asked on 9th October 2015) - View Source

Question

To ask the Secretary of State for Energy and Climate Change, what assessment her Department has made of the consistency of its policies on subsidies for renewable energy and for fossil fuels with current and proposed international climate change targets.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
This question was answered on 16th October 2015

This Government remains committed to meeting the target of reducing greenhouse gas emissions by at least 80%, on 1990 levels, by 2050. This remains in line with our contribution to the international effort to limit global warming to below 2 degrees.

We, also, continue to make progress towards our EU 2020 Renewable Target with provisional figures showing that 7.0% of final energy consumption was met from renewable sources in 2014. We are also on track to meet our EU 2020 energy efficiency and greenhouse gas emissions reduction targets.

We continue to support the deployment of renewable energy in our future energy mix:

  • Electricity: The introduction of Contracts for Difference will give companies long term revenue certainty whilst driving down the cost for consumers through competition.
  • Heat: Under existing renewable heat schemes, the Government has supported around 40,000 homes and 12,000 businesses, schools, farms and other organisations with new renewable heating systems.
  • Transport: The Government is investing £500million over the next 5 years in making ultra-low emission vehicles more accessible to families and businesses across the country.

It is vital to ensure security of supply and that the lights stay on, therefore fossil fuels will continue to play an important part in our future energy mix. The 2012 Carbon Plan noted that we will still need significant oil and gas supplies while we decarbonise our economy and transition to a low carbon economy, with projections showing that in 2030 oil and gas will remain a vital part of the energy mix, providing around 70% of the UK’s primary energy requirements.

The Government is seeking an ambitious, legally binding,global climate change deal in Paris in December that keeps the goal of limiting average global emissions to limit global warming to below 2 degrees within reach.

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