The Committee that I chair has been working with Departments across Whitehall to develop our plans to deliver on our carbon budgets and, indeed, our net zero commitments. The Government consider geothermal energy a low-carbon technology that is within the scope of our new £270 million green heat network fund, which supports the commercialisation of low-carbon heat network projects and opened for applications earlier this month.
The COP President will know from his recent visit that Cornwall is leading the way in the development of geothermal energy in the UK with two wells being drilled and many more planned. However, the people developing this new technology need the Government to back it to ensure that we can realise its potential, and they need certainty to make their plans in the near future. Will he ensure that the Government come forward with a renewable heat incentive for geothermal as soon as possible?
May I say that I very much enjoyed my visit to Eden Geothermal with my hon. Friend? It was particularly pleasing to note that some of those working in the project had made the transition from the oil and gas sector owing to their transferable engineering skills. As I set out, the fund has been launched, and I know that my right hon. Friend the Minister for Business, Energy and Clean Growth will be delighted to meet my hon. Friend to discuss the issue further.