Carbon neutrality: £12 billion for the UK

This march towards carbon neutrality will create 250,000 jobs in the country and trigger three times more private investment by 2030. In particular, the Prime Minister hopes to interest communities in Britain’s “industrial heartlands”.

A carbon neutrality objective based on the development of offshore wind energy

“Our green industrial revolution will be powered by wind turbines in Scotland and the North East, propelled by electric vehicles made in the Midlands and enhanced by the latest technology developed in Wales, so that we can look forward to a more prosperous and greener future,” says Boris Johnson, UK Prime Minister.

London is then aiming for 40 GW of offshore wind capacity by 2030, compared to about 10 GW today.

For this Boris Johnson wants to invest 160 million pounds to develop 60,000 jobs. Melanie Onn, deputy chief executive of Renewable UK, described the announcement as a vital step. Indeed, the country is already home to seven of the ten largest sites in the world, and its Dogger Bank project in the North Sea is set to become the largest of its kind.

Decarbonizing transport in particular

The government wants to reduce emissions from shipping and aviation by investing in research. In addition, the government will fund zero-emission public transportation and recommend walking and cycling to its citizens. The goal is also to make buildings more environmentally friendly by installing 600,000 heat pumps each year by 2028 and creating 50,000 jobs by 2030. These projects are developed in parallel with the protection of nature. The British government wants to plant 30,000 hectares of trees each year.

The creation of a “hydrogen district

In terms of energy, London also wishes to develop its hydrogen capabilities. The new plan aims to develop 5 GW of “low carbon” hydrogen production capacity by 2030 through a £240 million investment. The goal is to introduce this fuel into households and to develop green hydrogen. By 2023, the government would like to create a “hydrogen neighborhood” and then a “hydrogen village” by 2025 and a “hydrogen city” by the end of the decade with an investment of 500 thousand pounds.

Melanie Onn stated:

“The Prime Minister’s new hydrogen target for 2030 is a vital signal to investors and the market. We will work with the government to ensure that our leading renewable hydrogen technologies play an integral role in achieving this goal.”

Electric vehicles favored

To accelerate its goal of carbon neutrality the state has banned the sale of new gasoline and diesel vehicles by 2030 and hybrid vehicles by 2035. A critical milestone for Andy Eastlake, executive director of the Low Carbon Vehicle Partnership.

The latter stated:

“Lithium-ion battery technology has matured, and electric car capacities are rapidly increasing while costs are decreasing. Simple economics are already beginning to drive this transition, regardless of all the other benefits.”

London is also looking to provide £2.3 billion in funding for electric vehicle recharging infrastructure and the production of electric batteries. The government also wants to offer subsidies to encourage consumers to switch to low-emission vehicles.

Acting on the energy company

Focusing on the low-carbon nuclear sector is important in the fight against global warming. Boris Johnson therefore wants to invest £525 million to develop large and small scale nuclear power plants, and to develop new advanced modular reactors.

Tom Greatrex, chief executive of the UK Nuclear Industry Association, said:

“The UK government’s commitment to large, small and high-tech nuclear as part of the future energy mix is an important indicator of how we will achieve zero emissions.”

The state is interested in linking carbon capture and storage technology to nuclear power, especially in hard-to-reduce industrial sectors such as cement and steel manufacturing. The country aims to eliminate 10 megatons (MT) of carbon dioxide by 2030. The government will provide £800 million in funding for this.

A project welcomed by British companies

The trade association Energy UK and the Confederation of British Industry said they support the plan, which will help meet decarbonization targets. However, the Labour Party has highlighted the weakness of this plan compared to those of other European countries. This decision remains an important step for London towards its decarbonization goals.

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