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Tidal Energy Generation: Ringfenced Funding
25 November 2021
Lead MP
Ian Blackford
Debate Type
Adjournment Debate
Tags
TaxationEmploymentEnergy
Other Contributors: 1
At a Glance
Ian Blackford raised concerns about tidal energy generation: ringfenced funding in the House of Commons. A government minister responded. Other MPs also contributed.
How the Debate Unfolded
MPs spoke in turn to share their views and ask questions. Here's what each person said:
Lead Contributor
Opened the debate
The MP highlighted the potential of tidal marine energy in contributing to green baseload electricity generation. He criticised the current government funding of £20 million as insufficient compared to his ask of £71 million. The speech emphasised the industry's potential for job creation, technological leadership, and export opportunities. It also referenced a Royal Society report stating that tidal marine could contribute 15% of UK electricity capacity, with an estimated net benefit of £1.4 billion by 2030 and support for at least 4,000 jobs.
The intervention is not provided in the given text.
Government Response
The Minister congratulated Mr. Blackford and acknowledged the potential of tidal stream energy, noting over £175 million in innovation funding since 2004. He announced a ringfenced budget of £20 million for tidal stream developments in pot 2 of the upcoming fourth contract-for-difference allocation round. The Minister emphasised that this would support cost-effective delivery and encourage private investment. While he welcomed Mr. Blackford's change of stance, he disagreed with the suggested need for £71 million funding, asserting that a competitive auction process is more effective for identifying promising projects.
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About House of Commons Debates
House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.