UK PM outlines Ten Point Plan for a Green Industrial Revolution
Covering clean energy, transport, nature and innovative technologies, the Prime Minister’s blueprint will allow the UK to forge ahead with eradicating its contribution to climate change by 2050, particularly crucial in the run up to the COP26 climate summit in Glasgow next year.
IOM3 CEO Dr Colin Church FIMMM CEnv CRWM MCIWM says, 'Ensuring the recovery from the pandemic helps put us on the pathway to the low carbon and resource efficient future we need is vital, so these ten points in that direction by Government are welcome. IOM3 members will have significant contributions to make to a number of these.'
The plan – which is part of the PM’s mission to level up across the country - will mobilise £12 billion of government investment to create and support up to 250,000 highly-skilled green jobs in the UK, and spur over three times as much private sector investment by 2030.
Key points of interest to IOM3 members in the Prime Minister’s plan include:
- Carbon capture: A target to remove 10MT of carbon dioxide by 2030. £200 million of new funding to create two carbon capture clusters by the mid-2020s, with another two set to be created by 2030. The total £1billion invested will help to support 50,000 jobs, potentially in areas such as the Humber, Teesside, Merseyside, Grangemouth and Port Talbot.
- Hydrogen: Up to £500 million will be invested with an aim for a Hydrogen Town by 2030. Of this funding, £240 million will go into new hydrogen production facilities.
- Electric vehicles: Backing car manufacturing bases including in the West Midlands, North East and North Wales to accelerate the transition to electric vehicles, and transform national infrastructure to better support electric vehicles. The Prime Minister has confirmed that the UK will end the sale of new petrol and diesel cars and vans by 2030, ten years earlier than planned. Nearly £500 million will be dedicated for the development and mass-scale production of electric vehicle batteries in the next four years.
- Offshore wind: Producing enough offshore wind to power every home, quadrupling how much we produce to 40GW by 2030, supporting up to 60,000 jobs.
- Innovation and finance: Cutting edge technologies to reach these new energy ambitions will be developed
Prime Minister Boris Johnson says in a statement, '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.'