UK Government releases Net Zero strategy

The strategy, published 19 October 2021, sets out policies and proposals for decarbonising all sectors of the UK economy to meet net zero targets by 2050.

Headlines for Foundation Industries include:

-£140M Industrial and Hydrogen Revenue Scheme and two new clusters to accelerate industrial carbon capture and hydrogen

– £500m extra for innovative projects developing green technology

– £315m Industrial Energy Transformation Fund to support energy efficiency and on-site decarbonisation

– support to address the demand for low carbon fuel alternatives, aiming to replace 50TWh of fossil fuels per year by 2035

Read the full report here