{"id":31494,"date":"2021-10-22T17:10:33","date_gmt":"2021-10-22T16:10:33","guid":{"rendered":"https:\/\/newsblogsnew.ihbc.org.uk\/?p=31494"},"modified":"2021-10-22T17:10:33","modified_gmt":"2021-10-22T16:10:33","slug":"uks-path-to-net-zero-set-out-in-landmark-strategy","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=31494","title":{"rendered":"UK\u2019s path to net zero set out in landmark strategy"},"content":{"rendered":"<div class=\"call-to-action\">\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-31495\" src=\"https:\/\/newsblogs.ihbc.org.uk\/wp-content\/uploads\/2021\/10\/UK_satellite_open_gov_licence_V3.png\" alt=\"\" width=\"300\" height=\"195\" \/>A Net Zero Strategy is setting out how the UK wants to deliver on its commitment to reach net zero emissions by 2050.<\/h3>\n<h6><em>image: Open Government Licence v3.0<\/em><\/h6>\n<p><!--more--><\/p>\n<h2 style=\"padding-left: 40px;\"><em><span style=\"color: #800080;\">\u2026carbon capture clusters&#8230;. in North West England and North Wales and the East Coast Cluster in Teesside and the Humber &#8211; will put our industrial heartlands at the forefront of this technology\u2026<\/span><\/em><\/h2>\n<p>GOV.UK writes:<\/p>\n<ul>\n<li>Net Zero Strategy sets out how the UK will deliver on its commitment to reach net zero emissions by 2050<\/li>\n<li>outlines measures to transition to a green and sustainable future, helping businesses and consumers to move to clean power, supporting hundreds of thousands of well-paid jobs and leveraging up to \u00a390 billion of private investment by 2030<\/li>\n<li>reducing Britain\u2019s reliance on imported fossil fuels will protect consumers from global price spikes by boosting clean energy<\/li>\n<li>it comes as the UK prepares to host the UN COP26 summit next week, where the Prime Minister will call on other world economies to set out their own domestic plans for cutting emissions<\/li>\n<\/ul>\n<\/div>\n<p><!--more--><\/p>\n<p>A landmark Net Zero Strategy setting out how the UK will secure 440,000 well-paid jobs and unlock \u00a390 billion in investment in 2030 on its path to ending its contribution to climate change by 2050 has been unveiled by the UK government today (19 October).<\/p>\n<p>Building on the Prime Minister\u2019s 10 Point Plan, today\u2019s UK Net Zero Strategy sets out a comprehensive economy-wide plan for how British businesses and consumers will be supported in making the transition to clean energy and green technology \u2013 lowering the Britain\u2019s reliance on fossil fuels by investing in sustainable clean energy in the UK, reducing the risk of high and volatile prices in the future, and strengthening our energy security.<\/p>\n<p>The commitments made will unlock up to \u00a390 billion of private investment by 2030, and support 440,000 well-paid jobs in green industries in 2030. This will provide certainty to businesses to support the UK in gaining a competitive edge in the latest low carbon technologies \u2013 from heat pumps to electric vehicles \u2013 and in developing thriving green industries in our industrial heartlands \u2013 from carbon capture to hydrogen, backed by new funding.<\/p>\n<p>As part of the strategy, new investment announced today includes:<\/p>\n<ul>\n<li>an extra \u00a3350 million of our up to \u00a31 billion commitment to support the electrification of UK vehicles and their supply chains and another \u00a3620 million for targeted electric vehicle grants and infrastructure, particularly local on-street residential charge points, with plans to put thousands more zero emission cars and vans onto UK roads through a zero emission vehicle mandate<\/li>\n<li>we are also working to kick-start the commercialisation of sustainable aviation fuel (<abbr title=\"sustainable aviation fuel\">SAF<\/abbr>) made from sustainable materials such as everyday household waste, flue gases from industry, carbon captured from the atmosphere and excess electricity, which produce over 70% fewer carbon emissions than traditional jet fuel on a lifecycle basis. Our ambition is to enable the delivery of 10%\u00a0<abbr title=\"sustainable aviation fuel\">SAF<\/abbr>\u00a0by 2030 and we will be supporting UK industry with \u00a3180 million in funding to support the development of UK\u00a0<abbr title=\"sustainable aviation fuel\">SAF<\/abbr>\u00a0plants<\/li>\n<li>\u00a3140 million Industrial and Hydrogen Revenue Support scheme to accelerate industrial carbon capture and hydrogen, bridging the gap between industrial energy costs from gas and hydrogen and helping green hydrogen projects get off the ground. Two carbon capture clusters &#8211; Hynet Cluster in North West England and North Wales and the East Coast Cluster in Teesside and the Humber &#8211; will put our industrial heartlands at the forefront of this technology in the 2020s and revitalise industries in the North Sea \u2013 backed by the government\u2019s \u00a31 billion in support<\/li>\n<li>an extra \u00a3500 million towards innovation projects to develop the green technologies of the future, bringing the total funding for net zero research and innovation to at least \u00a31.5 billion. This will support the most pioneering ideas and technologies to decarbonise our homes, industries, land and power<\/li>\n<li>\u00a33.9 billion of new funding for decarbonising heat and buildings, including the new \u00a3450 million 3-year Boiler Upgrade Scheme, so homes and buildings are warmer, cheaper to heat and cleaner to run<\/li>\n<li>\u00a3124 million boost to our Nature for Climate Fund helping us towards meeting our commitments to restore approximately 280,000 hectares of peat in England by 2050 and treble woodland creation in England to meet our commitments to create at least 30,000 hectares of woodland per year across the UK by the end of this parliament<\/li>\n<li>\u00a3120 million towards the development of nuclear projects through the Future Nuclear Enabling Fund. There remain a number of optimal sites, including the Wylfa site in Anglesey. Funding like this could support our path to decarbonising the UK\u2019s electricity system fifteen years earlier from 2050 to 2035<\/li>\n<\/ul>\n<p>The policies and spending brought forward in the Net Zero Strategy mean that since the\u00a0<a class=\"govuk-link\" href=\"https:\/\/www.gov.uk\/government\/publications\/the-ten-point-plan-for-a-green-industrial-revolution\">Ten Point Plan<\/a>, we have mobilised \u00a326 billion of government capital investment for the green industrial revolution. More than \u00a35.8 billion of foreign investment in green projects\u00a0<a class=\"govuk-link\" href=\"https:\/\/www.gov.uk\/government\/news\/prime-ministers-ten-point-plan-kickstarts-green-investment-boom\">has also been secured<\/a>\u00a0since the launch of the Ten Point Plan, along with at least 56,000 jobs in the UK\u2019s clean industries \u2013 and\u00a0<a class=\"govuk-link\" href=\"https:\/\/www.gov.uk\/government\/news\/investors-pledge-almost-10bn-at-uk-global-investment-summit\">another 18 deals<\/a>\u00a0have been set out at the Global Investment Summit to support growth in vital sectors such as wind and hydrogen energy, sustainable homes and carbon capture and storage.<\/p>\n<p>Through energy efficiency measures, falling costs of renewables and more, the measures in the strategy also mean people\u2019s energy bills will be lower by 2024 than if no action was taken particularly as gas prices rise.<\/p>\n<p>As the first major economy to commit in law to net zero by 2050 and hosts of the historic UN\u00a0<abbr title=\"26th UN conference on climate change\">COP26<\/abbr>\u00a0climate summit, the UK is leading international efforts and setting the bar for countries around the world to follow. The UK has hit every carbon budget to date &#8211; today\u2019s Net Zero Strategy sets out clear policies and proposals for meeting our fourth and fifth carbon budgets, and keeps us on track for carbon budget 6, our ambitious Nationally Determined Contribution (NDC), while setting out a vision for a decarbonised economy in 2050.<\/p>\n<p>Prime Minister Boris Johnson said:<\/p>\n<p>&#8220;The UK\u2019s path to ending our contribution to climate change will be paved with well-paid jobs, billions in investment and thriving green industries \u2013 powering our green industrial revolution across the country.<\/p>\n<p>&#8220;By moving first and taking bold action, we will build a defining competitive edge in electric vehicles, offshore wind, carbon capture technology and more, whilst supporting people and businesses along the way.<\/p>\n<p class=\"last-child\">&#8220;With the major climate summit <abbr title=\"26th UN conference on climate change\">COP26<\/abbr> just around the corner, our strategy sets the example for other countries to build back greener too as we lead the charge towards global net zero.&#8221;<\/p>\n<p>Business and Energy Secretary Kwasi Kwarteng said:<\/p>\n<p>&#8220;There is a global race to develop new green technology, kick-start new industries and attract private investment. The countries that capture the benefits of this global green industrial revolution will enjoy unrivalled growth and prosperity for decades to come \u2013 and it\u2019s our job to ensure the UK is fighting fit.<\/p>\n<p class=\"last-child\">&#8220;Today\u2019s plan will not only unlock billions of pounds of investment to boost the UK\u2019s competitive advantage in green technologies, but will create thousands of jobs in new, future-proof industries \u2013 clearly demonstrating that going green and economic growth go hand in hand.&#8221;<\/p>\n<p>Both the Net Zero and Heat and Building Strategies build on the Prime Minister\u2019s Ten Point Plan in November 2020 which laid the foundations for a green industrial revolution, kick-starting billions of pounds of investment in new and green industries to help level up the country. To date, the UK has decarbonised faster than any other G7 country.<\/p>\n<p>Published alongside these two strategies today is HM Treasury\u2019s Net Zero Review, an analytical report which explores the key issues as the UK decarbonises. It helps to build a picture of where opportunities could arise and the factors to be taken into account when designing decarbonisation policy. While there are costs in reaching net zero, the cost of inaction is much higher.<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/news\/uks-path-to-net-zero-set-out-in-landmark-strategy\" target=\"_blank\" rel=\"noopener\">Read more&#8230;.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Net Zero Strategy is setting out how the UK wants to deliver on its commitment to reach net zero emissions by 2050. image: Open Government Licence v3.0<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-31494","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/31494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31494"}],"version-history":[{"count":1,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/31494\/revisions"}],"predecessor-version":[{"id":31496,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/31494\/revisions\/31496"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}