Renewable Energy: Investment
(asked on 7th January 2025) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, with reference to the policy paper entitled Plan for Change, published on 5 December 2024, CP1210, if his Department will publish an annual report detailing private investment leveraged by its clean energy strategy.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government and DESNZ publishes information on clean energy private investment flows, most recently announcing around the International Investment Summit in October that £34.8bn of clean energy investment has been committed to the UK [1]. DESNZ utilises Bloomberg New Energy Finance data to understand total (public plus private) investment flows, in particular capital expenditure deployed across low carbon sectors. According to our analysis of the BNEF energy transition investment 2023 dataset, between 2010 and 2023, the UK has seen £300 billion of public and private investment across low carbon sectors. We are considering what further information could be published.