Speeches

Caroline Flint – 2014 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Caroline Flint on 2014-04-29.

To ask the Secretary of State for Energy and Climate Change, pursuant to his oral contribution of 2 April 2014, Official Report, column 908, on energy price freeze, what the evidential basis is for the statement that average annual investment in renewables has more than doubled in the current Parliament compared with the previous one.

Michael Fallon

This shows that average annual investment in renewables has more than doubled in the current Parliament, compared with the previous one.

New Investment in UK Renewable Electricity

$m

2005

2006

2007

2008

2009

2010

2011

2012

2013

Total

3,292

2,974

4,454

4,511

11,337

9,651

10,996

10,339

11,981

Source: Bloomberg Energy Finance

There are a number of sources analysing and interpreting new investment in UK renewable electricity, including DECC’s own analysis. However, data are not always readily comparable owing to differences in methodology, data collection points, timings and market coverage.