VoteClimate: Clean Energy Technology: Private Sector Investment - 4th July 2023

Clean Energy Technology: Private Sector Investment - 4th July 2023

Here are the climate-related sections of speeches by MPs during the Commons debate Clean Energy Technology: Private Sector Investment.

Full text: https://hansard.parliament.uk/Commons/2023-07-04/debates/3AC640A4-CA6F-458C-80D4-CB40255D4398/CleanEnergyTechnologyPrivateSectorInvestment

Graham Stuart (Conservative)

Our “Powering up Britain” plan seizes opportunities from the transition to a decarbonised energy system. Our policies, backed by billions of pounds of Government funding—but more importantly, leveraging in about £100 billion of private investment—will support up to 480,000 jobs in 2030.

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Nicola Richards

Enfinium is building a new energy-from-waste facility in my constituency, which will process nearly 400,000 tonnes of waste to generate electricity for more than 95,000 homes and businesses each year. Will the Minister join me in welcoming this investment in renewable energy, and outline how the Government are supporting energy-from-waste facilities across the country?

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Emma Hardy (Labour)

Private sector businesses in the Humber are ready and willing to invest £15 billion in carbon capture, storage and decarbonisation projects. However, this is being put at risk because, of the eight track 1 carbon capture and storage projects selected, not a single project was approved for the Humber, despite the Humber being the largest carbon emitter in the country and the fact that 80% of the UK’s licensed CO 2 storage capacity is accessible from the Humber. When will these businesses get the clarity they need? When the track 1 expansion process is launched, will both Humber pipelines be approved?

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Graham Stuart (Conservative)

I thank the hon. Lady for her question, and she is right to be frustrated because of the enormous potential both to decarbonise and to unlock industrial benefits for the area. We are moving as quickly as possible. I have already said that the Viking project and the Scottish cluster are in the favoured position, and the team is moving as quickly as possible this year to provide more certainty and unlock further investment.

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