Today, we are committing £90 million to cut carbon emissions in industry and homes, helping to eliminate our contribution to climate change by 2050 and cut energy bills.
- Cleaning up emissions from housing and businesses is a big challenge – that’s why we are announcing a £90 million package to set us on the right path as we develop clean technologies.
- £70 million of this will include funding for two hydrogen production plans, which could generate enough clean energy to heat 200,000 homes The remaining £20 million will be used to fund projects aimed at cutting household emissions and bills through nine UK-wide local 'smart energy' projects aimed at cutting household emissions and potentially reducing energy bills by half.
- This news comes as we continue to ramp up our Year of Climate Action ahead of the UN Climate Change Conference (COP26) this November - whilst growing our economy and creating up to two million green-collar jobs across the country.
Households and businesses will benefit from £90 million to cut carbon emissions in industry and homes, Energy Minister Kwasi Kwarteng announced today (18 February 2020).
£70 million will include funding for 2 of Europe’s first-ever low carbon hydrogen production plants - the first on the banks of the Mersey, the second planned for near Aberdeen. A third project will develop technology to harness offshore wind off the Grimsby coast to power electrolysis and produce hydrogen.
Hydrogen is a low or zero-emission alternative to fossil fuels which could power future industry and transport. The investment will also fund projects to trial cutting-edge technologies for switching industrial production from fossil fuels to renewables in industries such as cement and glass production.
The remaining £20 million will be used to fund projects aimed at cutting household emissions and bills through nine UK-wide local “smart energy” projects. Over 250,000 people could have their homes powered by local renewable sources by 2030 – which could lead to their energy bills reducing by as much as half, thanks to this government funding.
Visiting the Gigastack project in Grimsby today, Kwasi Kwarteng, Minister for Business, Energy and Clean Growth, said:
Cleaning up emissions from industry and housing is a big challenge but today’s £90 million investment will set us on the right path as we develop clean technologies like hydrogen.
This is an important part of our world-leading efforts in eliminating our contribution to climate change by 2050 while also growing our economy, creating up to 2 million green collar jobs across the country by 2030.
This investment in low carbon innovation will be crucial to help us end our contribution to climate change by 2050.
The news comes just two weeks after the Prime Minister announced plans to bring forward the phase-out of coal to 2024 as we continue to ramp up our Year of Climate Action ahead of the UN Climate Change Conference (COP26) this November.