The UK government has pledged up to £170m of funding to help ‘decarbonise’ the heavy manufacturing industry.
The new funding was announced at the COP24 climate talks in Poland, and according to the government “cutting-edge” technologies such as carbon capture and storage could allow the UK to become a “world-leader” in clean technology and services.
Currently, industry accounts for around 25% of all greenhouse gas emissions in the UK, with more than two-thirds of these industrial emissions coming from energy intensive industries which are often located next to each other in clusters.
The funding, which is expected to be backed by the manufacturing industry, will help heavy industries like steel, ceramics, cement, chemicals, paper and glass to share expertise and innovative low-carbon solutions.
Energy and clean growth minister Claire Perry said: ”Demonstrating climate action and growing the economy go hand in hand is key to building momentum behind global action on carbon.
“The UK is a leader in both, cutting our emissions by more than 40% while growing our economy by 2 thirds, but to sustain this track record we need to tackle emissions from energy intensive sectors and bring clean growth to our great industrial centres.”
She added: “That’s why today I’m launching a mission to create the world’s first ‘net-zero’ carbon cluster by 2040 in the UK with up to £170 million of new government funding. This will help to develop the technologies of the future to transform industry around the world, ensuring the UK seizes the global economic opportunities of moving to greener, cleaner industry – a key part of our modern Industrial Strategy.”