Nick Clegg, the Deputy Prime Minister, will announce a £100 million investment in energy-efficiency measures in a speech designed to reassure business leaders of the Government’s low-carbon credentials.
In a speech to be given at today’s energy conference at Lancaster House, Mr Clegg will deny rifts within the government over how to tackle their commitment to the low-carbon economy.
The investmnets include a £100 million contract by UK Green Investments which will aim to stimulate non-domestic energy efficiency measures. The announcement follows recent proposals from the Treasury to cut onshore wind power subsidies by 25% (which was eventually lowered to 10%).
Mr Clegg will say: “This coalition Government is unreservedly committed to helping our low-carbon sector thrive – no ifs, no buts. And we want to support the shift by traditional industry to cleaner sources of energy – while of course recognising the pressures they face.
“The coalition is sometimes presented in the press as if it is riddled with debate and division with regard to greening the economy. That isn’t the case. Yes, there will be internal discussions and debates on the balance and sequencing of different policies – that’s the nature of any government – and energy policies will evolve over time as costs come down.
“That’s why, for example, we could recently reduce the subsidy for onshore wind. But the entire Government is working within the parameters of the carbon budget, which sets the pace for decarbonising our economy, and there is no-one in Government who wants to depart from that.”
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