Great Britain’s energy regulator has launched a £450m fund aimed at innovative projects that will help the country meet its net zero climate targets. Ofgem will make the money available to energy network companies that are trying to ensure homes and business are going green. The £450m fund will be available over the next five years but could be extended if strong plans are presented, Ofgem said. It is expected to play into the UK’s wider ambitions to slash 68% of emissions by 2030, and 78% by 2035. Its goal is for net zero emissions by 2050. Ofgem said the ideas would need to be “bold and ambitious”, have the potential to be rolled out at scale across the UK, and could range from heat pump installations to developing battery storage technology. The government announced separately that it will start offering carbon reduction workshops and “practical net zero advice” to thousands of businesses across the UK from Tuesday. Charlie Kronick, Greenpeace UK’s senior climate adviser, said: “It’s not just the half-hearted gimmicky bus tour which will end in November before the hard work of decarbonising the British economy will really start. It is the transparent hucksterism, the blatant hypocrisy and the almost criminally limited ambition that stands out.”
Guardian 31st Aug 2021 read more »
UK launches £450m fund for energy network innovation.
FT 30th Aug 2021 read more »
Small businesses have warned ministers that business rates are an “indefensible” block to investment and hurt green spending as the Government draws up plans to overhaul the tax. FSB chairman Mike Cherry said the levy, which is based on the rateable value of a property, “hurts small firms trying to do the right thing”. He said: “If you put solar panels on the roof to aid your transition to net zero, or install ventilation to support the wellbeing of your staff, the Valuation Office Agency will advise your local authority that you should be paying more in business rates.
Telegraph 30th Aug 2021 read more »