Kevin Brennan – 2016 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Kevin Brennan on 2016-01-20.

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.

Andrea Leadsom

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.