Business: Government Assistance

(asked on 7th July 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps the Government is taking to support and incentivise businesses to improve their levels of environmental responsibility.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 15th July 2020

We have an ambitious range of policies in place to help business and industry to improve energy efficiency, decarbonise and reduce costs.

Our Climate Change Agreement Scheme allows energy intensive participants to pay significantly reduced main rates of the Climate Change Levy in exchange for delivery of energy efficiency or carbon reduction targets.

The Government’s Energy Savings Opportunity Scheme is a mandatory energy assessment scheme which requires large businesses to identify cost-effective energy saving measures.

Our Industrial Energy Transformation Fund – a £315 million fund - supports industry to improve energy efficiency, cut energy bills and shift to lower carbon energy and processes.

The Government has also committed £170 million in its Industrial Decarbonisation Challenge towards deploying technologies like carbon capture and hydrogen networks in industrial clusters, supporting our Mission to establish the world’s first net zero cluster by 2040.

Finally, we have introduced a new Streamlined Energy and Carbon Reporting (SECR) framework in April 2019 to simplify reporting requirements on energy use and emissions while increasing corporate transparency – further incentivising energy efficiency and reducing emissions.

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