Industry: Investment

(asked on 30th March 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the impact of the US Inflation Reduction Act on investment in low carbon industries in the UK.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 18th April 2023

The UK has seen nearly £200 billion of investment into low carbon sectors since 2010, 50% higher than the US as a share of GDP. We’re cementing our leadership in clean technologies through targeted investment, regulation, policy and market frameworks.

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