Published: Fri, October 13, 2017
Sport | By Ellis Neal

UK Government launches clean growth strategy to reduce carbon emissions

UK Government launches clean growth strategy to reduce carbon emissions

"Government is clear that clean growth is a priority for the United Kingdom, and that the low-carbon sector can help to increase the competitiveness and productivity of our economy in the decades ahead, creating high-value jobs as well as taking effective action on climate change".

The measures include up to GBP 557 million (USD 738m/EUR 622m) of funding for future contract for difference (CfD) auctions for less established renewables such as offshore wind that was announced yesterday.

The UK government stated that it will publish next week, the Clean Growth Strategy, which will build on this success, while ensuring that the country moves towards becoming a low carbon economy. The BEIS said carbon emissions in the United Kingdom have fallen and national income has risen faster and further than any other nation in the G7 since 1990.

An investment of £2.5 billion will support low carbon innovation from 2015 to 2021, as part of the largest increase in public spending on science, research and innovation in more than three decades. "However, what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers".

Around £505m of the total funding will be used to support the commercialization of advanced clean energy technologies and processes.

On day prior to the release of the Clean Growth Strategy, the BEIS confirmed that up to £557 million will be available to support less established renewable electricity projects during the next CfD auction, now planned for the spring of 2019.

ADE Director Dr Tim Rotheray said: "The UK is poised to create a low-carbon, competitive economy, and combined heat and power, demand response and energy efficiency all have important roles to play".

The government will also work with the industry to develop a Sector Deal for offshore wind, which could lead to 10 GW of new capacity in the 2020s with potential for more if this is cost effective, according to the document.

Manufacturers also showed support for the proposals outlined in the Clean Growth Strategy.

The Clean Growth Strategy heralds the end of an era for conventional petrol and diesel vehicles and coal generation, which will be phased out by 2040 and 2025 respectively.

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