Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to encourage investment in the research and development of technologies which have the potential to contribute to achieving net zero.
The Net Zero Innovation Portfolio (NZIP) will spend £1bn over the next 4 years to accelerate the commercialisation of innovative low-carbon technologies, systems and business models in power, buildings and industry. It will focus on ten priority areas with the potential to contribute to Net Zero, including: floating offshore wind, nuclear advanced modular reactors, energy storage and flexibility; bioenergy; hydrogen; homes; direct air capture and advanced CCUS; industrial fuel switching; and disruptive technologies such as artificial intelligence for energy.