Energy Security Strategy

Richard Fuller Excerpts
Tuesday 19th April 2022

(1 year, 11 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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I engage with Front-Bench and Back-Bench colleagues all the time and they have lots of brilliant ideas. I do not recognise the hon. Lady’s characterisation of the strategy; I think it does deliver on security, it does deliver on longer-term affordability and it does deliver on the sustainable net zero targets that many in this House agree with.

Richard Fuller Portrait Richard Fuller (North East Bedfordshire) (Con)
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One of the hurdles that families face when they look at putting in a heat pump or investing in home insulation is that they cannot afford the up-front costs to get the long-term gains. The enterprise investment scheme has been extremely successful in encouraging investment in entrepreneurship, which has a somewhat similar cash-flow profile, so will my right hon. Friend have a word with the Chancellor about whether we can implement a net zero enterprise investment scheme to marshal private capital to help with the social objective of achieving net zero?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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We have a number of such schemes in existence and have trialled a number of others. We are always iterating the way in which we attract private capital to meet net zero; that is what we have been doing for the past three years, since net zero was passed into legislation.