PM commits £350 million boost to fuel green recovery
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UK industry will receive around £350 million to cut down carbon
emissions under new plans to step up efforts to tackle climate
change, PM Boris Johnson announced today (22 July). The
multimillion pound investment package will build on the Prime
Minister’s work throughout his first year in office to drive
forward progress on the UK’s target to reach net zero by 2050, by
helping businesses to decarbonise across the heavy industry,
construction, space and transport sectors...Request free trial
UK industry will receive around £350 million to cut down carbon
emissions under new plans to step up efforts to tackle climate
change, PM Boris
Johnson announced today (22 July).
The multimillion pound investment package will build on the Prime
Minister’s work throughout his first year in office to drive
forward progress on the UK’s target to reach net zero by 2050, by
helping businesses to decarbonise across the heavy industry,
construction, space and transport sectors and to secure the UK’s
place at the forefront of green innovation.
The investment comes ahead of the PM launching the first meeting
of the Jet Zero Council later today, which will bring together
government, representatives from the environmental sector and the
aviation and aerospace industry to tackle aviation emissions in
line with the government’s ambition to achieve the first ever
zero emission long haul passenger plane.
Prime Minister Boris
Johnson said:
“We’ve made great strides towards our net zero target over the
last year, but it’s more important than ever that we keep up the
pace of change to fuel a green, sustainable recovery as we
rebuild from the pandemic.
“The UK now has a huge opportunity to cement its place at the
vanguard of green innovation, setting an example worldwide while
growing the economy and creating new jobs.
“That’s why we’re backing cutting edge research to cut costs and
carbon across our great British industries, and even paving the
way for the first ever zero emission long haul passenger flight –
so that our green ambitions remain sky high as we build back
better for both our people and our planet.”
Business and Energy Secretary, Alok
Sharma, said:
“Climate change is among the greatest challenges of our age. To
tackle it we need to unleash innovation in businesses across the
country.
“This funding will reduce emissions, create green collar jobs and
fuel a strong, clean economic recovery – all essential to
achieving net zero emissions by 2050."
“Climate change is one of the greatest challenges we face today,
and tackling it will require action from everybody. This is why
we’re bringing together Government, businesses and investors in a
ground breaking new partnership.
“The Jet Zero Council is a huge step forward in making change –
as we push forward with innovative technologies such as
sustainable fuels and eventually fully electric planes, we will
achieve guilt-free flying and boost sustainability for years to
come.”
The projects set to receive funding will work on developing new
technologies that could help companies switch to more
energy-efficient means of production, use data more effectively
to tackle the impacts of climate change, and help support the
creation of new green jobs by driving innovation and growth in UK
industries.
The package includes:
Chaired by the Transport and Business Secretaries, today’s first
ever Jet Zero council meeting will discuss how to decarbonise the
aviation sector while supporting its growth and strengthening the
UK’s position as a world leader in the sector.
The members will look at how to work across their sectors to
achieve these goals, including through brand new aircraft and
engine technologies. These could include using new synthetic and
sustainable aviation fuels as a clean substitute for fossil jet
fuel, and eventually the development of electric planes.
One year on from taking office, today’s announcements form part
of the PM’s wider efforts to ensure the UK meets its legally
binding target to reach net zero emissions by 2050, whilst also
driving forward a green recovery from the pandemic.
So far this year, this includes committing to consult on ending
the sale of new petrol, diesel or hybrid cars by 2035 or earlier;
launching the Transport Decarbonisation Plan to cut emissions
across the sector; providing over £1 billion at Budget to support
the rollout of ultra-low emission vehicles in the UK via support
for a super-fast charging network for electric vehicles; and
committing up to £100 million of new funding for research to
develop a brand new clean technology, Direct Air Capture
Over the past decade, the UK has cut carbon emissions by more
than any similar developed country. In 2019, UK emissions were
42% lower than in 1990, while our economy over the same period
grew by 72%.
ENDS:
Notes to editors
The £350 million package of funding is being made available by
the UK Government across four sectors:
Heavy Industry
Industrial Decarbonisation Challenge Fund
Transforming Foundation Industries Programme
Construction
Space
Transport
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