Boris Johnson will spend £350m to help businesses go green and turbocharge post-coronavirus economic rebuildJuly 21, 2020
BORIS Johnson will unveil a major £350 million package to help heavy industry go green and turbocharge the post-pandemic rebuild.
The PM said the cash will fund "cutting edge research to cut costs and carbon" for businesses – which could lead to savings for shoppers.
He will also bring together a new Jet Zero Council with the aim of developing the world's first emissions free long haul passenger plane.
No 10 has pledged to wipe out Britain's carbon footprint by 2050.
The PM said: "It’s more important than ever that we keep up the pace of change to fuel a green, sustainable recovery as we rebuild from the pandemic.
“The UK now has a huge opportunity to cement its place at the vanguard of green innovation, setting an example worldwide while growing the economy and creating new jobs."
Funds will be used to help heavy industry switch from natural gas to clean hydrogen power and to scale up carbon capture and storage efforts.
More cash will go on the development of recyclable steel, and programmes to reuse waste ash from glass and ceramics factories.
There will also be money to help the construction and transport industries reduce their carbon footprint.
And the Jet Zero Council will explore ways of making the aviation industry green like synthetic fuels and fully electric planes.
Transport Secretary Grant Shapps said it is a "huge step forward in making change" and the pursuit of "guilt-free flying" for future generations.
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