Boris Johnson unveils ten point plan : The Prime Minister has set forth the UK’s ten point plan to work on climate change, deliver net zero & introduce a “green industrial revolution“.
Boris Johnson announces the new strategy will create and assist up to 250,000 British jobs while helping the UK to “forge ahead with eradicating its contribution to climate change by 2050” in the lead-up to the COP26 climate summit being accomodated in Glasgow next year.
The new plans will see £12 billion of government investment spent on prospering new technologies, broadening renewable infrastructure & expiditing major changes towards a more sustainable way of life. This capital boost is anticipated to leverage over three times the same as the private sector investment by 2030.
The blueprint is established around essential projects to take place in the “UK’s industrial heartlands” of the North East, Yorkshire and the Humber, West Midlands, Scotland & Wales.
The 10 points of the stretegy are:
- Quadrupling offshore wind capacity to 40GW so it can power each home in the country by 2030.
- Generate 5GW of low carbon hydrogen production capacity for use in industry, transport, power & homes by 2030, as well as develop the first town heated fully by hydrogen. Up to £500 million will be spent on this, of which £240 million will go towards new hydrogen production facilities.
- Advancing large scale nuclear and developing the next generation of small & leading reactors with £525 million of new funding.
- Supporting electric vehicle (EV) manufacturing throughout the West Midlands, North East & North Wales as well as transforming our national infrastructure to better assist adoption. The government announced it will dedicate £1.3 billion to forward the rollout of chargepoints and £582 million in grants for those purchasing zero or ultra-low emission vehicles. Almost £500 million will be spent over the next 4 years to develop and scale-up production of EV batteries.
- Making clean public transport, cycling & walking more attractive modes of transportation, whilst phasing out petrol and diesel cars beginning 2030.
- Funding research projects for zero-emission planes & ships.
- Making homes, schools and hospitals greener, warmer & more energy efficient as well as setting up 600,000 heat pumps every year by 2028, using about £1 billion of funding next year.
- Becoming a world-leader in technology to hold and store emissions, with an aim to remove 10MT of CO2 by 2030. An additional £200 million of new funding will be used to build two carbon capture clusters by the mid-2020s, with another two set to be created by 2030. This raises the total invested in such technologies to £1 billion.
- Protecting and reinforcing our natural environment and planting 30,000 hectares of trees each year.
- Furthering innovation & establishing the City of London as the global centre of green finance.
Prime Minister Boris Johnson stated: “Although this year has taken a very different path to the one we expected, I haven’t lost sight of our ambitious plans to level up across the country. My Ten Point Plan will create, support and protect hundreds of thousands of green jobs, whilst making strides towards net zero by 2050.
“Our green industrial revolution will be powered by the wind turbines of Scotland and the North East, propelled by the EVs made in the Midlands and advanced by the latest technologies developed in Wales, so we can look ahead to a more prosperous, greener future.”
The commitments plan to send a “clear signal to industries across the British economy to invest in the UK” and the government announce they mark the start of the UK’s path to net zero.
Boris Johnson unveils ten point plan