The UK government has announced a new plan to drive the UK towards its target of net zero carbon emissions by 2050.
The ten point plan will cover a range of measures to reduce the nation’s contribution to climate change, including a focus on offshore wind, clean hydrogen and zero carbon transport.
The £12 billion plan is expected to change the face of a number of key sectors and support the creation of 250,000 green jobs. The government anticipates its ambitions will be bolstered by up to 3 times as much investment through the private sector.
The ten points covered in the plan are:
With an ambition to generate 40 GW through offshore wind by 2030, and support up to 60,000 jobs in the sector
Including an ambition to create a Hydrogen Village that runs entirely on hydrogen by 2025, with the help of up to £500 million investment.
A scale-up of nuclear generation at a cost of £525 million.
Including ending the sale of all new petrol and diesel cars and vans by 2030, and hybrid cars and vans by 2035. There are also measures to accelerate the rollout of EV charging points, offer financial incentives on EV purchases and investment in mass-scale production of EV batteries.
Investment in zero-emissions public transport and campaigning and infrastructure to encourage walking and cycling.
Aviation and shipping
With funding for research into zero-emissions innovations in maritime and aviation.
Domestic and public buildings
Upgrading the energy efficiency of homes, schools and hospitals with £1billion of funding, including an extension of the Green Homes Grant voucher scheme.
Carbon capture and storage
Targeting the removal of 10 mega tonnes of carbon dioxide by 2030. Additional funding will create four carbon capture clusters by 2030.
Including the planting of 30,000 hectares of trees every year and £5.2 billion ring-fenced for flood and coastal defence works.
Innovation and finance
With an ambition to make London the world’s centre for green finance.