Written Questions are submitted by MPs or Lords to receive information from a Department.
|1 Feb 2018, 5:18 p.m.||Renewable Energy: Finance||Steve McCabe|
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the UK's contribution to the global growth in investment in renewable energy.
Answer (Claire Perry)
Our support for clean energy has produced world leading results.
Continuing investment has ensured that we have the largest installed offshore wind capacity in the world.
The UK’s leadership in financing clean growth is already emerging, with more than 60 green bonds listed on the London Stock Exchange, raising over $20 billion across seven currencies.
Globally the UK is among the largest contributors of climate finance, committing to provide at least £5.8 billion from 2016 to 2020, to help developing countries mitigate and adapt to the impacts of climate change and support cleaner economic growth.
Data recently released by the Office for National Statistics shows continued strong growth for our low carbon businesses - turnover was up 5% in 2016, employee numbers grew more than 3% and exports are up 1.4%. It is yet more proof of the importance of our clean tech sector to the British and global economy.