Environment Protection: Technology
The question
To ask the Secretary of State for Business and Trade, how he plans to encourage investment in (a) chemical recycling and (b) other green technologies.
Answered by Sarah Jones
The UK is committed to a circular economy which will keep resources in use as long as possible, extracting maximum value, minimizing waste and promoting resource efficiency. Policies such as the UK’s Plastic Packaging Tax help support innovation, growth and jobs in the waste management and the recycling sectors, including within chemical recycling.
The UK supports investment into green technologies through competitive research and innovation-based incentives such as R&D tax credits, innovation funding and incentives.
DBT will use its investment services to support Great British Energy to seek investment into new technologies to speed up and scale their deployment.
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