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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies will have on the creation of new Green jobs as part of (a) The Ten Point Plan for a Green Industrial Revolution and (b) the Net Zero Strategy.

The economic and fiscal impact of changes in tax policy are factored into the Office for Budget Responsibility’s forecasts. Further detail is available in the OBR’s Economic and Fiscal Outlook which is published at fiscal events. The Electricity Generator Levy is a temporary tax, on extraordinary returns being realised from certain electricity generators because of high gas prices, driven by Russia's invasion of Ukraine.

The Government expects to see the continued growth of the UK renewable energy industry, bringing with it jobs and economic growth. The Ten Point Plan, Net Zero Strategy and British Energy Security Strategy will support up to 480,000 jobs.