UK expenditure on energy including imports was approximately £150bn (including taxes) or £113bn (excluding taxes, duties and levies) in 2017[1]. As a direct share, this is 5-7% of GDP depending on the inclusion of taxes, duties and levies. The Government is working to continue to improve energy efficiency across the economy in order to deliver affordable, clean and secure energy \u2013 the amount of energy used per unit of GDP has already fallen by 49% since 1990, and we are independently assessed as leading the G20 in cutting emissions while growing the economy since 2000. Our ambitious plans and policies to mitigate against the threat of climate change are set out in the Clean Growth Strategy.<\/p>
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The Government publishes projections of the future volume of energy use based on current and planned policies under a range of sensitivities from now to 2035. The most recent projections can be found on Gov.uk.<\/p>
[1] Table 1.4 Digest of UK Energy Statistics (copy attached)<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"} } , "answeringMemberPrinted" : {"_value" : "Lord Henley"} , "attachment" : {"_about" : "http://data.parliament.uk/resources/1129498/answer/attachment/1", "fileName" : {"_value" : "Table 1.4 Digest of UK Energy Statistics.xls"} , "title" : "able 1.4 Digest of UK Energy Statistics"} , "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-06-18T14:32:50.037Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Energy"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what percentage of GDP is represented by energy use; and what proportion of GDP is estimated to be represented by energy use by (1) 2030, (2) 2040, and (3) 2050, if their current climate change policies are enacted.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/2533", "label" : {"_value" : "Biography information for Lord Birt"} } , "tablingMemberPrinted" : [{"_value" : "Lord Birt"} ], "uin" : "HL15983"} , {"_about" : "http://data.parliament.uk/resources/1129546", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1129546/answer", "answerText" : {"_value" : "
The Secretary of State for Business, Energy and Industrial Strategy has not issued any Ministerial Directions in respect of British Steel.<\/p>
This loan agreement was fully commercial and state aid compliant, valued at around £120m, under Section 7 of the Industrial Development Act 1982. Under the agreement the Government purchased emissions allowances on behalf of British Steel ensuring it met its 2018 ETS obligations. Failure to comply with its ETS obligations would have led to a fine of around £500m, on top of the costs of ETS compliance of around £120m.<\/p>
In return, under a deed of forfeiture, the company\u2019s 2019 allowances will be assigned to the Government once issued, and the proceeds from selling these is expected to cover the costs of purchasing allowances for British Steel. The\u202fGovernment\u2019s view is that the 2019 allowances will\u202fstill\u202fbe issued to British Steel in insolvency.<\/p>
The Government\u2019s assessment is that the Deed of Forfeiture offered value for money to the taxpayer, with benefits exceeding the costs, predicated on the level of confidence around security, even in the event of insolvency.<\/p>
This position was supported by the independent Industrial Development Advisory Board which assessed the proposal in their statutory role and agreed with the Government\u2019s value for money assessment.<\/p>
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<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"} } , "answeringMemberPrinted" : {"_value" : "Lord Henley"} , "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-06-18T16:50:34.45Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "British Steel: Loans"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government whether the recent loan of £120 million to enable British Steel to meet its emissions trading compliance costs required a Ministerial direction.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"} } , "tablingMemberPrinted" : [{"_value" : "Lord Myners"} ], "uin" : "HL16031"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 2, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }