A British plan for a low carbon future and the development of renewable energy technology has been unveiled today after a two year delay.
The report outlines the UK Governments intention to invest £2.5billion in support of low carbon innovation over an existing six year timescale which started in 2015 and runs to 2021.
Part of the £2.5billion investment was the announcement of £505million for the Department for Business, Energy and Industrial Strategy’s (BEIS) Energy Innovation Programme.
The Clean Energy Strategy states that there is the potential for 11% growth year-on-year within low carbon energy business and their supply chains.
Among the announcements within the report there is a commitment to £10million toward low carbon heat innovation within homes and businesses, £20million for a Carbon Capture programme and a further £20million for a low carbon fuel viability programme.
Greg Clark, business and energy secretary, said: “This government has put clean growth at the heart of its Industrial Strategy to increase productivity, boost people’s earning power and ensure Britain continues to lead the world in efforts to tackle climate change.
“For the first time in a generation, the British government is leading the way on taking decisions on new nuclear, rolling out smart meters and investing in low carbon innovation. The world is moving from being powered by polluting fossil fuels to clean energy. It’s as big a change as the move from the age of steam to the age of oil and Britain is showing the way.”
Claire Perry, climate change and industry minister, said: “The impact of the Paris agreement and the unstoppable global shift towards low carbon technologies gives the UK an unparalleled opportunity.
“By focusing on Clean Growth, we can cut the cost of energy, drive economic prosperity, create high value jobs and improve our quality of life.”
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