Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether she is taking steps to increase levels of private investment in industrial decarbonisation projects.

Private investment will be crucial to achieving net zero. The Government is working with industry to provide the investment required to accelerate industrial decarbonisation. The Government is providing more than £2 billion of funding to decarbonise energy-intensive industries. This is part of the Government’s £20 billion programme of investment in carbon capture, utilisation, and storage (CCUS).

This funding, alongside the Government's Green Finance Strategy, will leverage private sector investment in new technologies.