Fresh cash to boost green tech

A new 166-million government investment will support the development of technologies in carbon capture, greenhouse gas removal and hydrogen

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The government has today announced a new £166 million cash boost for green technology.

The package aims to support carbon-intensive businesses in the manufacturing, steel energy and waste sectors in their efforts to decarbonise their operations.

Projects that use technologies including carbon capture, greenhouse gas removal and hydrogen are expected to secure a share from the new funding round.

The grants could benefit the food and beverage ingredients supplier Tate & Lyle, the aerospace firm BAE Systems and the steel company Celsa Manufacturing.

It is hoped that the scheme will create more than 60,000 green jobs across the UK.

Energy Minister Anne-Marie Trevelyan said: “We are determined to tackle climate change and make it win-win for both our planet and our economy.

“Today’s major cash boost, targeted at our most polluting industries, will encourage the rapid development of the technologies we need to reign in our emissions and transition to a green economy, one that reduces costs for business, boosts investment and create jobs.”

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