Over 60,000 green jobs are to be created as the result of £166.5 million of funding announced today (24 May) by the Department for Business, Energy and Industrial Strategy (BEIS). This funding is to drive developments in technologies needed for the green industrial revolution, including carbon capture, greenhouse gas removal and hydrogen. It is being awarded to a mix of innovators, businesses, academics and heavy industry across the UK. £60 million – the largest chunk of funding – will support the development of low carbon hydrogen in the UK, and help identify and scale-up more efficient solutions for making clean hydrogen from water using electricity. This follows the government announcing in March that £171 million from the Industrial Decarbonisation Challenge had been allocated to nine green tech projects around Britain, with these predominantly being hydrogen and carbon capture, usage and storage (CCUS).
Current 24th May 2021 read more »
The Confederation for British Industry (CBI) has launched a major new campaign uniting business in the push for a green recovery from Covid-19, claiming that this could bring £700bn of economic benefits for the UK this decade.
Edie 24th May 2021 read more »
The UK’s top climate change adviser has urged ministers to link the country’s new post-Brexit carbon market to an existing European Union scheme amid fears that firms will otherwise face an uneven playing field. Officials at the Climate Change Committee (CCC) said the new Emissions Trading Scheme (ETS) should be tied with Europe’s as soon as possible after the UK carbon market kicked off last week. However, it is understood ministers are reluctant to give up their new-found autonomy on the carbon trading scheme as the country targets world-leading emissions cuts.
Telegraph 24th May 2021 read more »