IGEM welcome today's announcement by the Department of Business, Energy and Industrial Strategy, setting out its plans for £1bn of investment in industrial decarbonisation - aiming to reduce industrial carbon emissions by two-thirds in 15 years and supporting up to 80,000 green jobs over the next three decades.
We are pleased to see this level of commitment to the design of low-carbon infrastructure using hydrogen and carbon capture technology; allocating £171 million to decarbonisation projects across the UK and developing a policy framework to support the uptake of fuel switching in industry from fossil fuels to low carbon alternatives, including hydrogen. These are crucial steps towards the UK becoming carbon net-zero by 2050.
We congratulate Cadent Gas and Progressive Energy on securing a substantial funding allocation for its HyNet North West project, to create a low carbon industrial cluster in the North West by 2030. Also to Wales & West Utilities for its part in the South Wales Industrial Cluster, which has secured funding for its next phase of deployment to decarbonise industry in South Wales.
More details on the government's full strategy is available here.