Green Industrial Revolution – Sound strategy or more sound bites?
Abstract
Last week the PM announced his ten-point plan for a 'green industrial revolution' accompanied by £12bn spend, which, the FT suggested, included only £3bn of new money ('Green jobs must materialise ifthe UK is to take the lead in wind power', FT, 21stNovember 2020).Bringing forward the ban on the sale of new petrol and diesel cars from 2035 to 2030, the plan also focussed on boosting hydrogen production through £500m investment, quadrupling offshorewind production, providing £525m for 'clean and micro nuclear' plants, £200m for two carbon capture clusters, making buildings cleaner by installing 600,000 heat pumps every year by 2028 and creating 250,000 new jobs in parts of the UK where the government 'wants to see levelling up',as Business Secretary, Alok Sharma told the BBC.
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Centre for Brexit Studies Blog
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