Renewable Energy: Financial Services

(asked on 29th January 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether the Green Taxonomy will recognise (a) advanced biofuels, (b) renewable fuels of non-biological origin and (c) recycled carbon fuels as compliant.


Answered by
Amanda Solloway Portrait
Amanda Solloway
This question was answered on 1st February 2024

The Government recognises that renewable, low carbon fuels have potential to play an important role in decarbonising sectors such as heat.

The UK Green Taxonomy will be an important tool to increase transparency in the market, helping to both mobilise private investment into green activities and tackle greenwashing. Developing a usable and useful taxonomy is a complex and technical exercise. The Government continues to work at pace, and expects to publish the Taxonomy consultation shortly. The Government would welcome stakeholder input on criteria for key Net Zero sectors in the upcoming consultation.

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