Prime Minister, Boris Johnson, has set out his 10-point plan for a Green Industrial Revolution to create 250,000 jobs.
Unveiled on 18 November, the blueprint covers clean energy, transport, nature and innovative technologies, pledges £12bn of government investment, and aims to spur three times as much private sector investment by 2030. It reaffirms the government’s pledge of 40GW of offshore wind by 2030, creating 60,000 jobs, while also confirming a ban on the sale of new petrol and diesel cars and vans by 2030. This will see £2.8bn go towards electric vehicle (EV) charging infrastructure and building UK giga-factories.
Elsewhere, next year will see £1bn for funds to insulate homes and public buildings, using the Green Homes Grant and Public Sector Decarbonisation schemes, with the government looking to install 600,000 heat pumps every year by 2028, creating 50,000 jobs by 2030.
The plan confirms government will work with industry to generate 5GW of low carbon hydrogen production capacity by 2030 for industry, transport, power and homes. It will invest £500mn, with the aim of developing the first town heated entirely by hydrogen by the end of the decade and £525mn to help develop large and smaller-scale nuclear plants, including R&D on new advanced modular reactors. It has committed an extra £200mn to carbon capture and storage (CCS) schemes, lifting the total commitment to £1bn with the goal of creating two CCS clusters in the mid-2020s and another two by 2030, creating 50,000 jobs in the process.
Other commitments are research projects for zero-emission planes and ships, with £20mn set aside for clean maritime innovations; £5bn to be committed to funding for alternative cycling, walking and low-carbon buses; a goal of planting 30,000 hectares of trees every year to restore the natural environment; and a £1bn innovation fund for commercial new low-carbon technology.