The Prime Minister’s Ten Point Plan for Net-Zero

The Prime Minister’s Ten Point Plan to “make our nation cleaner, greener and more beautiful” made its debut late last Tuesday night (17th November 2020).

The announcement comes at a crucial time in the lead up to the COP26 Summit that will be held in Glasgow in 2021.

The plan is set out to eradicate the UK’s contribution to climate change by 2050 and clearly alludes to the UK’s ambition of being “a world-leader in an array of clean technologies”.

The Ten Point Plan will mobilise £12bn of government investment to create and support up to 250,000 green jobs. It aims to secure up to three times as much investment from private sectors by 2030.

This year has taken an unexpected turn, but Johnson has “not lost sight of our ambitious plans to unite and level up our country”. The UK was the first major economy to embrace a legal obligation to achieve net zero carbon emissions by 2050. In the official plan for the Green Industrial Revolution, a “Task Force Net Zero” will be established to take this forward as a national priority which will be encouraged to other countries in the COP26 Summit.

The main pillars of the plan are built to work to the UK’s strengths and cover clean energy, CCS, zero carbon transport and innovative technologies.

 

A snapshot summary of the Ten Point Plan:

1.Advancing Offshore Wind 

By 2030, the plan is to quadruple the offshore wind capacity to 40GW which will be more than enough to power our homes. Up to 60,000 jobs and around £20bn of private investment could be delivered by 2030.

 

2.Low Carbon Hydrogen

The UK is aiming for 5GW of low carbon hydrogen production while working with industry by 2030. This will be supported by a £240m Net Zero Hydrogen Fund, as well as a model to bring through private sector investment. In the nearer future, there are plans for a Hydrogen Neighbourhood in 2023, a Hydrogen Village in 2025 and a town run entirely by hydrogen. As a result, 8,000 more job opportunities and a £4bn private investment could be delivered by the plan.

 

3.New and Advanced Nuclear Power 

Nuclear power provides a reliable source of low-carbon electricity. There will be further development into large-scale nuclear, as well as looking at the future of nuclear power through investment of Small Modular Reactors and Advanced Modular Reactors. During construction, this plan could deliver up to 10,000 jobs.

 

4.Zero Emission Vehicles 

By 2030, the sale of new petrol and diesel cars and vans will end – 10 years earlier than planned – and the sale of hybrid vehicles will be ceased by 2035. The West Midlands, North East and North Wales will champion electric vehicle (EV) manufacturing, bringing jobs and investment back into the UK whilst “simultaneously reducing our greenhouse gas emissions”.

 

5.Green Public Transport, Cycling and Walking 

A strive to increase the use of public transport, cycling and walking will be a key focus. Investments of up to £5bn is expected to make more attractive ways of travelling, such as by bus and rail, which will ultimately “improve the air we breathe” and increase mental and physical health, whilst also reducing emissions.

 

6.Aviation and Green Ships 

Investments into R&D to develop zero-emission aircrafts and the development of airport infrastructure will be at the forefront of this plan. £20m will be invested into the Clean Maritime Demonstration Programme, with trials already running in Orkney and Teesside.

 

7.Greener Buildings  

Homes, workplaces, schools and hospitals will be at the forefront of the “green economic recovery”, which will support 50,000 jobs and build new supply chains and factories in the UK. In order to make homes warm and comfortable whilst also keeping bills low, buildings will need to be more energy efficient and move away from fossil fuel boilers. Homeowners and private renters will both benefit with schemes such as the Green Homes Grant, the Home Upgrade Grant, the Social Housing Decarbonisation Scheme and the Energy Company Obligation of 2026 all being extended and invested in.

 

8.CCUS (Carbon Capture, Usage and Storage)  

The CCUS technology captures carbon dioxide from power generation, low carbon hydrogen production and industrial processes and then stores it underground where it cannot enter the atmosphere. The ambition in this plan is to capture 10Mt of CO2 a year by 2030 – the equivalent of four million cars’ worth of annual emissions. An additional £200m will create two carbon capture clusters in mid 2020s, and another two to be created by 2030. As a result, an additional 50,000 jobs will be needed to support this.

 

9.Protecting our Natural Environment 

A commitment to planting 30,000 hectares of trees every year will restore the natural environment. The Government’s commitment to protect and improve 30% of UK land by 2030 will be achieved through new National Landscapes. In addition, a £40m second round investment into the Green Recovery Challenge Fund will immediately create up to 20,000 new green jobs.

 

10.Green Finance and Innovation 

The final step of the Ten Point Plan is to pursue the government’s ambition to be the first country in the world to commercialise fusion energy technology, which enables low carbon and continuous power generation. Innovation and development into new sources of finance will be fundamental for further development of green technologies. The City of London will be the epicentre of the development and green finance.

 

By Lauren Stewart-Tribe, Digital Marketing Executive

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