12 October 2017 – Promising billions of pounds worth of investment in offshore wind power, electric vehicles and technology innovation funds, the UK government set a bullish tone for low-carbon industries. In line with a previously announced deadline to phase out traditional car sales by 2040, government announced £80 million ($105m) for electric vehicle charging infrastructure and £1 billion ($1.3bn) in subsidies for EV buyers, while there will be £557 million for renewables developers competing in auctions, and £94 million for R&D of clean technology in various sectors. The government predicts the low carbon economy, which employs an estimated 430,000 Brits, will grow 11% a year from 2015 to 2030, while critics want to see increased ambition. Read the full article on the Climate Change News website.
UK releases plan to ‘lead the world’ on growth with carbon cuts
