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Renewable Energy: Finance

Volume 488: debated on Tuesday 24 February 2009

To ask the Secretary of State for Innovation, Universities and Skills what steps his Department is taking to support clean energy research and development. (255173)

DIUS is stepping up efforts on energy research and development through a range of commitments from Science and Innovation Budget investments through the Research Councils and Technology Strategy Board and, more recently with the establishment of the Energy Technologies Institute.

Research Council expenditure on energy related basic, strategic and applied research and postgraduate training is expected to approach £300 million during this CSR period, and the Technology Strategy Board currently has a portfolio of collaborative projects on emerging low carbon energy technologies worth £90 million, with further competitions planned for later this year. The Technology Strategy Board is also expanding its portfolio in areas relating to the low carbon agenda through a range of initiatives including innovation platforms—the one focused on low carbon vehicles is coordinating over £100 million of public sector support to accelerate the market introduction of ultra low carbon vehicles.