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Government to invest £500 million on green technologies
Government to invest £500 million on green technologies

Government to invest £500 million on green technologies

Ministers have announced that more than half a million pounds will be invested in green technologies.

Of this funding, £400 million has been launched by the Treasury to bolster the electric charging infrastructure throughout the UK – the first £70 million of this is allocated for 3,000 charge points, which will see the number across the UK more than double to 5,000.

This will increase what is already one of the largest electric vehicle charging networks on the continent; by installing state-of-the-art green technologies, it will ensure the network is the fastest growing.

The government is currently reviewing the provision of charge points across the major road network, and this investment in green technologies adds to the £1.5 billion already invested to support the uptake of electric vehicles.

Simon Clarke is the Exchequer Secretary. He said this investment is the latest in helping to reduce emissions.

“We are driving ahead with plans to make travel greener while backing British innovation and technology.

“I am delighted to announce this funding that will more than double the number of rapid charge points for electric vehicles on our roads. Britain already boasts one of the biggest networks of charging infrastructure in Europe and soon we will have the fastest thanks to this investment.

“This is the latest in our proud record on climate change – having slashed emissions by over 40% since 1990, whilst simultaneously growing our economy, and setting an ambitious target for net-zero emissions by 2050.”

As well as the £400 million funding for charging infrastructure, the Department for Business, Energy and Industrial Strategy has unveiled funding of almost £143 million in green projects to drive forward approaches to removing greenhouse gases from the air.

“This investment is further evidence of the government’s “steadfast commitment” to guaranteeing a healthy, happy planet and population.

Five projects will benefit from this funding, including investment on greenhouse gas removal technologies and addressing the challenge of indoor and outdoor pollution.

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