UK backs clean power innovation to speed up global energy transition
- 2024-11-15 11:40
- UK News and communications
The UK has today announced a £1 billion investment in clean power innovation to speed up the global energy transition. The investment will be used to develop new technologies that will help to reduce the cost of clean energy and make it more accessible to developing countries.
The investment is part of the UK’s commitment to reach net zero emissions by 2050. The UK is already a leader in clean energy, and this investment will help to maintain its position as a global leader in this field.
The investment will be used to fund research and development in a number of areas, including:
- Renewable energy technologies, such as solar and wind power
- Energy storage technologies
- Carbon capture and storage technologies
- Hydrogen technologies
The investment will be used to support a number of projects, including:
- A new research centre for clean energy at the University of Cambridge
- A new fund to support the development of clean energy start-ups
- A new competition to find the best new clean energy technologies
The investment is expected to create thousands of jobs in the UK and to help to reduce the cost of clean energy around the world.
The UK’s investment in clean power innovation is a welcome step forward in the fight against climate change. The investment will help to develop new technologies that will make clean energy more affordable and accessible to developing countries. This will help to reduce emissions and improve air quality around the world.
UK backs clean power innovation to speed up global energy transition
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