An ambitious Government strategy, setting out how the UK leads the world in cutting carbon emissions whilst also driving economic growth, has recently been published. On 12 October 2017, Business and Energy Secretary Greg Clark announced ‘The Clean Growth Strategy: Leading the way to a low carbon future’.
Carbon emissions in the UK have fallen and national income has risen faster and further than any other nation in the G7 group of seven major advanced nations. Since 1990 our emissions are down by 42 per cent while the economy has grown by 67 per cent.
The strategy sets out proposals for decarbonising all sectors of the UK economy through the 2020s, explaining how the whole country can benefit from low carbon opportunities and continue to meet national and international commitments to tackle climate change.
Greg Clark said, “This government has put clean growth at the heart of its Industrial Strategy to increase productivity, boost people’s earning power and ensure Britain continues to lead the world in efforts to tackle climate change”.
“For the first time in a generation, the British government is leading the way on taking decisions on new nuclear, rolling out smart meters and investing in low carbon innovation. The world is moving from being powered by polluting fossil fuels to clean energy. It’s as big a change as the move from the age of steam to the age of oil and Britain is showing the way”.
£2.5 billion will be invested to support low carbon innovation from 2015 to 2021, as part of the largest increase in public spending on science, research and innovation in over three decades. This funding covers programmes delivering low carbon energy, transport, agriculture and waste, with South Oxfordshire well placed to take advantage.
That £2.5 billion of existing government spending includes up to £505 million from the Department for Business, Energy and Industrial Strategy’s Energy Innovation Programme, which aims to accelerate the commercialisation of innovative clean energy technologies and processes.
There are already more than 430,000 jobs in UK low carbon businesses and their supply chains. Today’s policies will provide further opportunities right across the country for more jobs, higher earning power and increased productivity. The low carbon economy could grow 11 per cent per year between 2015 and 2030 – faster than the rest of the UK economy.