The Secretary of State for Business, Energy and Industrial Strategy (Kwasi Kwarteng)

Accelerating domestic energy independence through the British energy security strategy (BESS). The BESS and the Energy Security Bill includes support for household energy affordability and efficiency, new and ambitious commitments on nuclear and renewable energy, and setting out the role of the North sea in our low-carbon transition, including delivering our £1 billion commitment to carbon capture and storage clusters by 2030.

Largest-ever renewable energy auction providing 11 GW of great British electricity, with wind power coming in cheaper than ever. Earlier this month, we secured a record 11 GW of renewable energy through the biggest contracts for difference round yet—enough to power around 12 million homes.

Kickstarted UK hydrogen industry with capital and revenue support as well as world-leading legislative framework. Over the last year, we published our hydrogen strategy and investor roadmap and launched a net zero hydrogen fund worth up to £240 million to nurture the UK’s world leading hydrogen economy. The Energy Security Bill also provides a legislative framework for our hydrogen business models.

Worked with our colleagues across Government to deliver the UNFCC COP26 summit in Glasgow in November 2021 to move 90% of the global economy to net zero. This followed the publication of our heat and buildings and net zero strategies, which laid out a clear path to decarbonise all sectors of the UK economy and achieve net zero by 2050. The summit was attended by 120 world leaders and over 40,000 registered participants. The resulting Glasgow climate pact increases the likelihood of delivering the Paris commitment 1.5 degree scenario.

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