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Boris Johnson rolls out a £12 billion program to facilitate the green energy transition

The UK Prime Minister Boris Johnson has decided to implement a £12 billion green energy plan that will create over 200000 employment opportunities and minimize the region’s carbon emissions. Johnson enumerates ten strategies in this plan, which will oversee the generation of 40 gigawatts of offshore wind energy by the end of this decade and create employment opportunities in the sector. The strategies will facilitate the achievement of net-zero emissions by the country in the next three decades.

Boris Johnson enumerates that the industrial heartlands of Humber, North East, and Yorkshire will be the appropriate locations for the implementation of these strategies. Additionally, the Boris Johnson administration announced that it would generate 5 gigawatts of hydrogen energy by the end of this decade to meet the needs of households, factories, and the transportation sector. On top of this, nuclear power plants are undergoing development to support these resources by meeting their demands.

Furthermore, the government is proposing the development of advanced technologies that will ensure London becomes the hub of green energy through innovative programs and financial services. The ten-point plan by Boris Johnson will cover hydrogen energy technology, nuclear power, and carbon capture as its renewables.

Part of the £12 billion will be used to facilitate the shift to electric vehicles in the country and clearing the fossil fuel cars from the roads by the end of this decade. The plan also details investment in energy innovation programs to keep the country in the loop of the trending energy technologies. 

Johnson explained that the cash would flow in three phases also to cover the private energy industry. He added that he would be meeting energy experts and analysts to discuss the implementation of his strategies and how they can integrate the private sector into this plan.

Johnson noted that the North East region would be a hub for wind energy technology. This move implies that turbines will be installed in the region to generate electricity to power households and meet the businesses’ industrial needs herein. He is hopeful that they can minimize the country’s emissions to a workable standard before the next climate summit in Glasgow.

Many renewable energy stakeholders have taken these strategies optimistically and are ready to support the implementation process. However, the solar energy sector is displeased that the ten-point plan appears to exclude them despite their unparalleled contribution to carbon emission reduction in the country.

To sum up, the prime minister explained that they are considering a renewable energy mix and that the solar industry should not take the offensive side. Nevertheless, the strategies will make the UK achieve climatic objectives that they promised to fulfill in the previous climate summit.

https://hindaily.com/