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The UK unveils a €13bn programme for a green industrial revolution by 2030

19 Nov 2020

The UK government has unveiled its Ten Point Plan for a Green Industrial Revolution by 2030. The policy will mobilise £12bn (€13.4bn) of government investment to cut greenhouse gas (GHG) emissions to net-zero by 2050. The UK government raised its target for offshore wind power capacity by 2030 from 30 GW to 40 GW. The country will invest £525 (€588m) million to help develop large and smaller-scale nuclear plants, and research and develop new advanced modular reactors and £500m (€560m) to generate 5 GW of low carbon hydrogen production capacity by 2030 for industry, transport, power and homes. In addition, the government set aside £200m (€224m) of new funding to create two carbon capture and storage (CCS) clusters by the mid-2020s with a target to remove 10 MtCO2 by 2030. Finally, the United Kingdom will end the sale of new petrol and diesel cars and vans by 2030.

In June 2019, the United Kingdom adopted a law requiring to bring all GHG emissions to net-zero by 2050. This means that the UK will continue to cut its GHG emissions and that residual emissions will have to be balanced by schemes to offset an equivalent amount of GHG, such as planting trees or using technology like CCS.

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