UK Launches £315m New Tech Fund to Help Industry Cut Emissions
In the News
The British government has launched a £315m hunt to find new technologies that can shrink the carbon footprint of the most polluting factories to help meet the UK’s climate targets.
The scheme will offer funds over the next five years to energy-intensive firms, such as manufacturers, to invest in new technology which can reduce their energy use.
Ministers hope the scheme will help save £1bn a year on industrial energy bills, and cut carbon emissions by 2m tonnes or the equivalent of taking nearly 200,000 cars off the road each year.
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