Peter Aldous questions the Government on the impact of changes to tax policy on electricity generators on investment in clean, low-carbon energy infrastructure that is crucial to creating long-term, rewarding jobs in coastal areas such as Waveney.
Peter Aldous (Waveney) (Con)
Investment in clean, low-carbon energy infrastructure will be crucial to creating long-term, rewarding jobs in coastal constituencies such as Waveney. Has my right hon. Friend carefully considered the impact that changes to tax policy on electricity generators would have on investment in the UK?
Lucy Frazer (The Financial Secretary to the Treasury)
The Chancellor is looking very carefully at this industry, and he engages with industry stakeholders. My hon. Friend the Member for Waveney (Peter Aldous) will know that there are a number of ways in which the tax system supports low-carbon energy infrastructure, including through the super deduction, research and development tax relief, our consultation on broadening the emissions trading scheme, and the £1 billion investment in the carbon capture and storage fund.