Industry: Carbon Emissions
(asked on 7th July 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have (1) to support innovation in zero emissions in primary industries and manufacturing, and (2) to de-risk investment in demonstration and deployment projects, via (a) government procurement policies, (b) loan guarantees, and (c) tax exemptions.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
We are committed to supporting both the decarbonisation of UK industry and its competitiveness.
At the 2020 Budget, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced that the UK Government will at least double the size of the BEIS Energy Innovation Programme to £1billion, focussed on decarbonising UK power, homes and industry to meet the challenge of net zero.
Alongside support for innovation, we have a number of schemes in place to support deployment. This includes the £149 million Industrial Strategy Challenge Fund on Foundation Industries, which aims to transform certain primary and manufacturing industries to make them internationally competitive, secure more jobs throughout the UK and support innovation in zero emissions.
Our £170 million Industrial Decarbonisation Challenge Fund and £315 million Industrial Energy Transformation Fund will help industry deploy low carbon technologies and put energy efficiency measures in place.