PM commits £350mn in support of green recovery

Prime Minister, Boris Johnson, has said the government is committing £350mn to cut emissions in heavy industry and fuel a green economic recovery.

The package, announced on 22 July, aims to help businesses to decarbonise across heavy industry, construction, the space and transport sectors, and secure the UK’s place “at the forefront of green innovation”. It includes £139mn investment to cut emissions in heavy industry by supporting the transition from natural gas to hydrogen power, as well as scaling up carbon capture and storage (CCS) technology, along with £149mn to support an initial 13 initial projects devoted to driving the use of innovative materials in heavy industry.

Elsewhere, £26mn will support advanced new building techniques, reducing costs and carbon emissions in the construction industry, with £15mn designated for a National Space Innovation Programme. This will support projects monitoring climate change across the globe which help to protect local areas from the impacts of extreme weather by identifying changes in the environment.

Commenting, the Prime Minister 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.”

Prime Minister’s Office