18
DESNZ views "pulling the plug" on underperforming net zero projects as low probability.
Conclusion
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 scale down; it suggested that pulling the plug on a project would be a “relatively low-probability scenario”.52
Government Response
A response document is linked to this report, dated 14 February 2024. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
Seventy-Ninth Report - Support for innovation to deliver net zero
15 Nov 2023
HC 1331
Addressee Bodies
HM Treasury
Timeline
Recommendation age
2.8 yrs
Report published
15 Nov 2023