In its ‘Ten Point Plan for a Green Industrial Revolution’, the UK Government has announced over £5 billion of financial support. This plan mobilises £12 billion – and potentially more than three times as much from the private sector – to place green jobs at the heart of our economic revival and will be a game change for the power generation and power distribution companies. Understanding big data and using the very latest in analytics capabilities will be essential to keep the new infrastructure running effectively.
The aim of the ten point plan is to generate new clean power with offshore wind farms, nuclear plants and by investing up to half a billion pounds in new hydrogen technologies. It will focus on us all living our lives, running our cars, buses, trucks and trains, ships and planes, and heating our homes while keeping bills low as part of the net zero carbon objective. Read the full report here.
The cumulative effect of this plan will be to reduce UK emissions by 180 million tonnes of carbon dioxide equivalent (Mt CO2 e) between 2023 and 2032, equal to taking all of today’s cars off the road for around two years. But this is only the start. Over the next year the government will work with industry to devise further sectoral plans and meet carbon budgets and target of net zero by 2050. To drive progress towards the national priority, the Prime Minister will establish a new Task Force Net Zero, putting a systems approach at the heart of policy thinking.