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UK Government announces £167 million green technologies boost - Perthshire Chamber of Commerce

UK Government announces £167 million green technologies boost

The UK Government has announced a £167 million funding boost for green technologies as part of plans to create 60,000 jobs across the country and "future-proof" Scotland's polluting industries.

The multi-million pound investment, which will be awarded to innovators, businesses, academics and heavy industry, will accelerate the delivery of the critical technologies needed to meet the UK’s climate targets.

The £166.5 million package will develop technologies in carbon capture, greenhouse gas removal and hydrogen, while also helping find solutions to decarbonise the UK’s polluting sectors including manufacturing, steel, energy and waste.

Ministers hope the investment will “help put the UK at the forefront of the green technologies of the future” while supporting British industries to lowers costs, remain competitive and protect jobs as they improve their energy efficiency.

The funding package announced on Monday includes:]

  • £60 million to support the development of low carbon hydrogen in the UK and to identify and scale-up more efficient solutions for making clean hydrogen from water using electricity.
  • £37.5 million to fund the largest government programme of greenhouse gas removal methods, helping cement the UK’s status as a world-leader in this technology.
  • £20 million to support the development of the next generation Carbon Capture, Usage and Storage (CCUS) technologies so they can be deployed at scale by 2030.
  • £20 million to establish a new virtual Industrial Decarbonisation Research and Innovation Centre run by Heriot-Watt University that will accelerate the decarbonisation of key energy-intensive industries which currently make a significant contribution to UK emissions.
  • £16.5 million through the Industrial Energy Transformation Fund to develop new technologies and processes that help energy-intensive sectors cut their emissions, while reducing their energy bills.
  • £8 million for projects to develop innovations, such as repurposing textile waste, new clay production techniques for the ceramics industry and concrete manufacturing that support the rapid recovery and sustainability of UK industry.
  • £4.7 million will establish a new Transforming Foundation Industries Research and Innovation Hub.
  • £200,000 for Scotland’s Rural College, alongside partners University of Strathclyde, Agri-EPI Centre and No Pollution Industrial Systems Ltd, to reduce the environmental impact of beef production.

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