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479491

registered interest
date	17/03/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, pursuant to the Answer of 2 February 2016 to Question 23296, what estimate her Department has made of the amount of (a) public and (b) private sector investment for low-carbon infrastructure and supply chain investment which has been invested in each year for which data is available.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	31530
answer	answer is ministerial correction date of answer 23/03/2016 answer text <p>DECC’s March 2015 Energy Investment Report estimates that total investment in low carbon electricity was £42.1billion between 2010 and 2014. Table 1 below splits this investment out by technology type. Detailed information is not available on how this figure is split between public and private sector investment, though the majority is private sector investment supported by government policies, or how much is invested in the supply chain. In November, the Government renewed its commitment to the transition to a low carbon economy by confirming a continued budget for the Renewable Heat Incentive (RHI). The overall budget for the RHI is to rise from £430 million in 2015/16 to £1.15 billion in 2020/21.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p><strong><em>Table 1: Estimated investment in low carbon electricity generation capacity for 2010-2014</em></strong></p><table><tbody><tr><td><p> </p></td><td><p>Estimated investment in electricity generation capacity in £’s billion (2012 prices)</p></td></tr><tr><td><p>Electricity generation technology</p></td><td><p>Total</p></td></tr><tr><td><p>Onshore Wind1</p></td><td><p>7.9</p></td></tr><tr><td><p>Offshore Wind</p></td><td><p>9.5</p></td></tr><tr><td><p>Biomass and Bioenergy2</p></td><td><p>8.8</p></td></tr><tr><td><p>Marine</p></td><td><p>0.1</p></td></tr><tr><td><p>Solar PV3</p></td><td><p>11.4</p></td></tr><tr><td><p>Hydro4</p></td><td><p>0.3</p></td></tr><tr><td><p>Other Renewable5</p></td><td><p>1.7</p></td></tr><tr><td><p><strong>Renewables Generation Capacity Investment</strong></p></td><td><p><strong>39.6</strong></p></td></tr><tr><td><p>Nuclear6</p></td><td><p>2.5</p></td></tr><tr><td><p>CCS</p></td><td><p>0.0</p></td></tr><tr><td><p><strong>Renewables, Nuclear &amp; CCS Generation Capacity Investment</strong></p></td><td><p><strong>42.1</strong></p></td></tr></tbody></table><p><em>Source: DECC’s Energy Investment Report March 2015</em></p><p> </p><p> </p><p><em>1</em><em> Including large scale onshore wind, but excluding Scottish Islands onshore wind </em></p><p><em>2</em><em> Including dedicated biomass, biomass conversions, bioliquids, energy from waste, anaerobic digestion (including small scale), advanced conversion technologies, landfill and sewage gas (including CHP variations of any of these technologies)</em></p><p><em>3</em><em> Including large and small scale solar PV </em></p><p><em>4</em><em> Including large and small scale hydro technologies </em></p><p><em>5</em><em> Including Scottish Islands onshore wind, small scale onshore wind, and geothermal (including CHP)</em></p><p><em>6</em><em> 2010-2014 investment estimate includes the purchase of Horizon Nuclear Power by GE Hitachi, the purchase of the Moorside site by NuGen and expenditures in the period relating to the development of Hinkley Point C</em></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 23/03/2016 14:43:03 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1400 label Biography information for Kevin Brennan

479048

registered interest
date	16/03/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 4 February 2016 to Question 24571, what other government policy mechanisms are in place aimed at promoting high-risk green investment.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	31471
answer	answer is ministerial correction date of answer 24/03/2016 answer text <p>As set out in my answer of 4 February 2016 to Question <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-27/24571/" target="_blank">24571</a>, this information can be found in paragraphs 31 – 36 of our November 2015 policy statement on the future of the UK Green Investment Bank (GIB) which can be found on the GIB pages of the GOV.UK website.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 24/03/2016 16:27:01 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

448943

registered interest
date	29/01/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how much public sector funding was spent on facilitating higher risk green investment in each of the last five years; and what estimate he has made of the likely spend of this type in each of the next five years.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	24956
answer	answer is ministerial correction date of answer 08/02/2016 answer text <p>Government funding for green innovation is provided for private sector led technology R&amp;D through grants, procurement approaches and to a lesser extent equity interventions. Additionally, DECC, Research Councils and InnovateUK are involved in European programmes that can leverage significant funding from the EC while ensuring cross border collaboration.</p><p>Government spent ~£1.3billion on low carbon innovation for the period 2011-15. In addition, the Low Carbon Networks Fund which is funded by network operators is expected to allocate ~£440m over the period 2010-15. See table 1 attached:</p><p>Separately, the British Business Bank has three main programmes for supporting early stage technology investment, including in the clean technology area: the Enterprise Capital Funds targeted at early stage venture capital investment; the UK Innovation Investment Fund (UKIIF) which supports creation of viable investment funds targeting UK high growth technology-based businesses; and the Venture Capital Catalyst Fund, launched in 2013.</p><p>As part of the recent Spending Review, it was announced that the department for Energy &amp; Climate Change will double its innovation program to £500 million over the next five years.</p><p>UK Green Investment Bank plc (GIB) also invests in innovative green projects, though it does so on fully commercial terms and is focused on technologies ready for deployment at full commercial scale and capable of attracting additional investment from mainstream finance providers. Details of all GIB’s investments to date can be found on the company’s website.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/02/2016 16:26:36 answering member 3938 label Biography information for Anna Soubry attachment 1 file name Table 1 24956.docx title Table 1
tabling member	1400 label Biography information for Kevin Brennan

446719

registered interest
date	21/01/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what assessment she has made of the effects of (a) termination of the Green Deal, (b) changes to tax exemptions for low carbon vehicles, (c) changes in support for renewable energy technology and (d) privatisation of the Green Investment Bank on levels of private sector investment in green and renewable products.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23637
answer	answer is ministerial correction date of answer 28/01/2016 answer text <p>The Government is committed to achieving an 80% reduction in UK emissions by 2050. But we need to cut carbon whilst also cutting costs to the consumer and to the taxpayer.</p><br /><p>The Green Deal market framework has not been affected by the decision not to invest further public funds into the Green Deal Finance Company. Therefore, subject to Green Deal providers sourcing their own finance streams or a new finance provider entering the market, Green Deal providers may still write Green Deal plans and offer Green Deal finance to consumers.</p><br /><p>The changes to tax exemptions for low carbon cars in the Company Car Taxation system came into force in 2015-16. To date we have not seen any effect in take up of such vehicles as a result of these tax changes.</p><br /><p>Our assessment of the impact of the changes we are making to renewable electricity support are set out in the impact assessment published alongside each of the changes to renewables support which are available on <a href="http://www.gov.uk/decc" target="_blank">www.gov.uk/decc</a>.</p><br /><p>Lastly, the privatisation of the GIB will allow the company to increase its investments in the UK green economy. It will be able to raise more capital free from being on the Government balance sheet. It will also be free from State Aid restrictions on the green investments it can make.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 28/01/2016 15:14:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1400 label Biography information for Kevin Brennan

446199

registered interest
date	20/01/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what assessment she has made of whether there have been market failures in green and low carbon investment over the last five years; and if she will make an assessment of the most important potential threats to such investment.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23294
answer	answer is ministerial correction date of answer 27/01/2016 answer text <p>Electricity Market Reform was introduced to overcome barriers to investment and deployment of large scale low carbon UK power generation. The UK has enjoyed record levels of deployment of renewables in recent years and the Government has also agreed a deal to bring forward the first new nuclear power station in a generation. Increasingly, as we benefit from the lower technology costs arising from this deployment, we can expect competitive forces increasingly to stimulate further investment in the low carbon power generation that the country needs.</p><br /> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 27/01/2016 13:46:24 answering member 4117 label Biography information for Andrea Leadsom previous answer version 40967 answering member constituency South Northamptonshire answering member printed Andrea Leadsom answering member 4117 label Biography information for Andrea Leadsom
tabling member	1400 label Biography information for Kevin Brennan

446201

registered interest
date	20/01/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what estimate her Department has made of the amount of (a) public and (b) private sector investment needed to fulfil Government targets for low-carbon infrastructure and supply chain investment in each year to 2025.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23296
answer	answer is ministerial correction date of answer 02/02/2016 answer text <p>The National Infrastructure Pipeline provides annual estimates of investment in the Energy Sector. The 2015 publication of the National Infrastructure Pipeline [1] estimates £141bn worth of investment up to 2020/21 with a further £103bn post 2020/21. The figures do not distinguish between private and public investment.</p><p> </p><p><em><strong>[1]</strong></em><em> <a href="https://www.gov.uk/government/publications/national-infrastructure-pipeline-july-2015" target="_blank">https://www.gov.uk/government/publications/national-infrastructure-pipeline-july-2015</a></em></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 02/02/2016 12:33:55 answering member 4117 label Biography information for Andrea Leadsom previous answer version 40968 answering member constituency South Northamptonshire answering member printed Andrea Leadsom answering member 4117 label Biography information for Andrea Leadsom
tabling member	1400 label Biography information for Kevin Brennan