Energy: Finance

(asked on 31st January 2018) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of the recommendations of the Bloomberg New Energy Finance report State of Clean Energy Investment, published 16 January 2018; and if he will make a statement.


Answered by
 Portrait
Claire Perry
This question was answered on 5th February 2018

As part of our commitment to clean growth, we are always interested in the views of external organisations and their predictions and recommendations.

The UK is a world leader in clean growth and has invested more than £52 billion in renewable energy in the UK since 2010. Our Industrial Strategy sets out how we want to make sure that the UK continues to reap the benefits from the transition to a low carbon economy. That’s why we are investing £2.5 billion to support low carbon innovation in the UK between 2015 and 2021, and are making Clean Growth a priority of the Industrial Strategy Challenge Fund,

In addition, Government has established a Green Finance Taskforce to accelerate the growth of green finance and look for ways in which the Government can further support investment in low carbon deals.

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