£350million to cut emissions and drive recovery28 July 2020
UK industry will receive around £350 million to cut down carbon emissions under new plans to step up efforts to tackle climate change, the government has announced.
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.
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.” View the full announcement.