Climate Action

Boris Johnson announces £350m investment for the green recovery

British Prime Minister Boris Johnson announces £350 million is being made available to cut emissions in heavy industry and drive economic recovery from coronavirus.

  • 24 July 2020
  • Rachel Cooper

British Prime Minister Boris Johnson announces £350 million is being made available to cut emissions in heavy industry and drive economic recovery from coronavirus.

UK industry will receive around £350 million to cut down carbon emissions under new plans to step up efforts to tackle climate change.

The investment comes ahead of the PM launching the first meeting of the Jet Zero Council, which will bring together government, representatives from the environmental sector and the aviation and aerospace industry to tackle aviation emissions in line with the government’s ambition to achieve the first ever zero emission long haul passenger plane.

Prime Minister Boris Johnson 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.”

Business and Energy Secretary, Alok Sharma, said: “Climate change is among the greatest challenges of our age. To tackle it we need to unleash innovation in businesses across the country.”

“This funding will reduce emissions, create green collar jobs and fuel a strong, clean economic recovery – all essential to achieving net zero emissions by 2050.”

The package includes £139 million to cut emissions in heavy industry by supporting the transition from natural gas to clean hydrogen power, and scaling up carbon capture and storage (CCS) technology which can stop over 90% of emissions being released from industrial plants into the air by storing carbon permanently underground

Launching a New National Space Innovation Programme backed by £15 million initial funding from the UK Space Agency, which will see the first £10million go towards projects that will monitor climate change across the globe, which could protect local areas from the impacts of extreme weather by identifying changes in the environment

One year on from taking office, today’s announcements form part of the PM’s wider efforts to ensure the UK meets its legally binding target to reach net zero emissions by 2050, whilst also driving forward a green recovery from the pandemic.