Two competitions totaling $180 million announced in the UK to foster development of decarbonizing initiatives

In the UK, Reuters reports that the British government has announced two competitions that will award a total of 140 million pounds ($180 million) to industrial decarbonization projects as part of the effort to bring the UK to net-zero emissions by 2050. The first competition will allow businesses to apply for a share of up to one million pounds to develop plans for decarbonizing an industrial cluster. Successful applicants will then compete in a second phase where up to 131 million pounds will be awarded for projects which deliver or support significant emissions reductions in an industrial cluster by 2030. The second competition will allow UK organizations to apply for a share of up to one million pounds to prepare plans for achieving low-carbon and net-zero industrial clusters. Then, up to 8 million pounds will be awarded for the development of decarbonization plans or roadmaps for major UK industrial clusters. This competition may lead to the world’s first net-zero industrial cluster. 

Category: Policy