Carbon Emissions: Bank Services
The question
To ask the Secretary of State for Energy Security and Net Zero, what support his Department provides to the baking industry to decarbonise.
Answered by Chris McDonald
Businesses in the baking industry can benefit from the Climate Change Agreements scheme, which provides Climate Change Levy discounts of up to 92% in return for improved energy efficiency and reduced emissions.
More broadly, our Clean Power by 2030 mission is working to reduce reliance on volatile fossil fuels and lower electricity costs for businesses. We are also continuing to develop policies to bring down electricity costs relative to gas and intend to consult on options to make electrification an economically rational choice for a wide range of businesses.
In due course, we will also set out a clear plan for industrial decarbonisation to support a competitive low‑carbon industrial base and to ensure growth opportunities are realised alongside emissions reductions.
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