The revolution will not be capitalised
The UK’s laudable aim of becoming a world leader in ten climate-related areas looks set to be undermined by the shaky state of its post-Covid and post-Brexit national finances
Boris Johnson’s UK government had been scrambling to put to together an eye-catching climate plan ever since it became obvious who would be the next incumbent of the White House. In mid-November, Johnson duly obliged with his ten-point-plan for a green industrial revolution. The plan is to ‘mobilise’ £12bn ($15.8bn) of government spending to leverage three times as much private sector cash, as well as create a claimed quarter of a million jobs. It will be spread between offshore wind; hydrogen; nuclear; electric vehicles; public transport; cycling and walking; ‘Jet Zero’ and greener maritime; homes and public buildings; carbon capture and storage (CCS); nature; and innovation and finance. Wh
Also in this section
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
11 March 2025
A reassessment of clean hydrogen’s growth trajectory is underway, but the energy vector’s long-term potential to decarbonise remains intact
10 March 2025
Collaboration has become crucial to success as projects turn out to be more complex and expensive than previously thought, industry figures tell Dubai conference
