Sat, 3 December 2022

Newsletter sign-up

Subscribe now
The House Live All
Ad Net Zero: International Impact for UK Advertising’s Climate Action Plan Partner content
Environment
Decarbonisation: Right solution for the right home? Partner content
Environment
Achieving net zero means delivering a successful shift to electric vehicles, but what power innovations are needed? Partner content
By Energy Networks Association
Environment
Transport
Environment
Press releases

Andrea Leadsom announces new £1bn green growth fund to help hit climate change targets

Andrea Leadsom announces new £1bn green growth fund to help hit climate change targets
2 min read

Andrea Leadsom has announced a new £1bn green growth funds as part of a new package aimed at hitting the government's net zero emission targets.


The Business Secretary said the new fund would be invested into the automotive industry in bid to support the development of new electric vehicles and hydrogen fuel cell technology.

The announcement comes after Boris Johnson committed his government to meeting the 2050 net zero targets set by Theresa May in the final few weeks of her premiership.

Ministers said the investment would help deliver new green jobs as well as supporting research and development projects and ramp up the production of clean technology.

Announcing the fund, Ms Leadsom said: "Addressing climate change is a top priority for the Conservative Party, and today's announcements will not only help us reach out Net Zero 2050 target, but will benefit communities and households - and improving wildlife and wellbeing - while doing so.

"Today's announcement is further evidence of the benefits of going green. The Conservatives are doing this properly: creating hundreds of thousands of low carbon jobs and growing our economy while successfully reducing emissions."

The package, announced on the eve of the Conservative Party conference also includes a commitment to create a new 'Great Northumberland Forest' with the planting of up to 1m trees by 2024.

Environment Secretary Theresa Villiers added: "The planting of one million trees will be fundametal in our commitment to be the first generation to leave the natural environment in a better state than we found it. 

"They will enhance our landscape, improve our quality of life and protect the climate for future generations."

The announcement comes after Labour delegates backed a radical plan at their Brighton conference to reduce emissions to net zero by 2030. 

The ambitious targets would mean sweeping changes to personal travel, energy production and the manufacturing industry.

Lauren Townsend, a spokesperson for Labour for a Green New Deal, said: “The Labour movement has voted to take leadership on the climate emergency with a response which puts people and planet before profit.

“Now the ambition has been set, it is time for our movement to come together to build a Green New Deal from the ground up in every town, village and city."

PoliticsHome Newsletters

PoliticsHome provides the most comprehensive coverage of UK politics anywhere on the web, offering high quality original reporting and analysis: Subscribe

Read the most recent article written by John Johnston - Ukrainian Refugees At Risk Of Homelessness Rise Almost 40 Per Cent In Single Month

Categories

Environment Transport
Podcast
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now