Thursday 26th September 2019

(4 years, 7 months ago)

Commons Chamber
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Andrea Leadsom Portrait Andrea Leadsom
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The hon. Gentleman may have raised this issue four years ago—we could talk about this for a long time. A lot of consideration has been given to the potential of tidal power. It is incredibly expensive and was ruled out on those grounds. We are looking at a regulated asset base model for the financing of big energy efficient projects. We will continue to keep that under review, but of course it has to offer good value for taxpayers’ money. The path to net zero that we are setting out will enable further opportunities to consider different technologies.

Mary Robinson Portrait Mary Robinson (Cheadle) (Con)
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I welcome the launch of the Ayrton fund and the £1 billion for the creation of new technologies. We also have a proud history of commitment to developing countries through international aid. How will the fund fit into our existing commitments?