PARLIAMENTARY DEBATE
Renewable Energy - 22 February 2023 (Commons/Commons Chamber)

The UK Government are fully committed to supporting Scotland to realise its significant renewable energy potential. Scotland has benefited greatly from the contracts for difference scheme, the Government’s main mechanism for supporting new low-carbon electricity generation projects in Great Britain. Indeed, Scotland has received 27% of all contracted projects to date.

I thank the Minister for his response. Scotland has huge potential for green investment, but all that is being put at risk by an exodus of capital, given what Joe Biden is doing with the Inflation Reduction Act 2022 in the US. What is the UK Government’s response to the Inflation Reduction Act so that we can secure investment in Scotland and in the rest of the UK?

I agree with the hon. Lady’s comments about Scotland’s potential in the renewable sector. I will allow my colleagues in the Treasury to respond to the point that she made about the US policy. In relation to other opportunities for Scotland, I am very keen to work in my role in the Scotland Office to develop that. If the hon. Lady wants to join me in doing that, I would be very happy to engage with her further.