Threads / Pro-innovation Regulation of Technologies Review / We asked at what point DESNZ would pull the plug for a proj…
Committee Material Published 15 Nov 2023 ↗ View on Parliament

We asked at what point DESNZ would pull the plug for a project that might not succeed. It explained that it carries out a review process across its portfolio using evidence and modelling to understand the impact of a low-carbon technology.51 DSIT added 41 Qq 33, 42, 43 42 C&AG’s Report, para 2.12, Qq 49, 50, 58 43 C&AG’s Report, para 2.29 44 Qq 50, 51, 61, 63 45 Q 58 46 Qq 49, 61 47 Qq 58, 60 48 Qq 8, 14, 47 49 Qq 8, 19; C&AG’s Report, para 19 50 Qq 8, 9, 10 51 Qq 10, 19 Support for innovatio...

We asked at what point DESNZ would pull the plug for a project that might not succeed. It explained that it carries out a review process across its portfolio using evidence and modelling to understand the impact of a low-carbon technology.51 DSIT added 41 Qq 33, 42, 43 42 C&AG’s Report, para 2.12, Qq 49, 50, 58 43 C&AG’s Report, para 2.29 44 Qq 50, 51, 61, 63 45 Q 58 46 Qq 49, 61 47 Qq 58, 60 48 Qq 8, 14, 47 49 Qq 8, 19; C&AG’s Report, para 19 50 Qq 8, 9, 10 51 Qq 10, 19 Support for innovation to deliver net zero 13 that technologies with higher potential will start to receive more investment, whereas technologies with less potential would sc Type: conclusion | Number: 18 | Response status: accepted Government response: 6.1 The government agrees with the Committee’s recommendation. Target implementation date: Spring 2024 6.2 The Net Zero Innovation Board, through its Innovation Delivery sub-group, will consider risk appetite and tolerance for programmes in the current net zero R&I po