The UK is a major global market for renewables, and we have world-leading ambitions for deployment. We aim to deliver up to double the renewable capacity at the next contracts for difference round at the end of this year, compared with the last round. We are spending £160 million to support new port and manufacturing infrastructure needed to achieve our 40 GW offshore wind ambition, which will secure local jobs and benefits.
We all know how essential it is to provide our industries with renewable energy at an affordable cost, but it is also essential for the transportation of energy through the national grid so that firms in my area such as CF Fertilisers do not face even greater costs. What will the Minister do to ensure that there is a first-class regulatory environment for all energy transportation, including a fair system for shorthaul gas still being considered by Ofgem?
We have ambitious targets for future decarbonisation and the systems that will go with it. We will be publishing an industrial decarbonisation strategy in the very near future, which will help to support businesses as we look at all the issues that the hon. Gentleman raises.
I declare an interest. I have been listening to too many Elon Musk conversations on what is now all the rage, which is the Clubhouse app. What support can be provided to help Bolton to explore green technology opportunities, especially electric vehicles, boosting our local job market and future growth?
I am delighted to see my hon. Friend championing the north-west and the opportunities that our green industrial revolution will bring to his area. The north-west is incredibly well placed to benefit from our £1 billion commitment to become a world-leading sector in technology to capture and store harmful emissions away from the atmosphere. We have also launched the green jobs taskforce, which will help us to develop plans for green jobs, including in the new green automotive sector across all regions, and we advise on what support will be needed for people who are in those transitioning industries.
Can the Minister comment on the opportunities for companies in Clwyd South and elsewhere in Wales offered by the latest £11 million round of the UK Government’s energy entrepreneurs fund, which is dedicated to driving forward new clean technologies?
Wales’s promising clean tech entrepreneurs are urged to bid for the latest £11 million of Government funding, which is going to support between 15 and 20 projects, with successful bidders receiving up to £1 million each. The funding available through the energy entrepreneurs fund is open to all eligible companies across England, Wales, Scotland and Northern Ireland, and I look forward to seeing their submissions.