What is the Green Industrial Revolution?

What is the Green Industrial Revolution?

Boris Johnson – Prime Minister of the United Kingdom, recently announced his new 10-point-plan for a ‘Green Industrial Revolution’. His new plan will be centred around the UK’s industrial heartlands – the North of England, the Midlands, Scotland, and Wales with ambitions to generate 250,000 new jobs in these areas in the carbon capture, electric vehicle, nuclear, hydrogen and renewables sectors.

His plan follows documented ambitions to make the UK a world leader in clean wind energy. The Prime Minister had been expected to unveil a new environmentally friendly package to mark the year-long countdown to the 26th  United Nations Climate Change Conference (COP26) set to be held in Glasgow next year, where international leaders will be gathering to discuss measures to tackle climate change and accelerate actions towards reaching the goals of the Paris Agreement, and the UN Framework Convention on Climate Change.

Announced late on 17/11/2020, Boris Johnson underpinned his new plan with £12bn worth of new and existing investments, to target 10 key areas;

  1. Offshore wind: Producing enough offshore wind to power every home. Plans are set to quadruple how much the UK produces to 40GW by 2030, supporting up to 60,000 jobs.
  2. Hydrogen: Working closely with the industry aiming to generate 5GW of low carbon hydrogen production capacity by 2030 for industry, transport, power, and homes, and aiming to develop the first town heated entirely by hydrogen by the end of the decade.
  3. Nuclear: Advancing nuclear as a clean energy source, across large scale nuclear and developing the next generation of small and advanced reactors, planning to support 10,000 jobs.
  4. Electric vehicles: Backing world-leading car manufacturing bases including in the West Midlands, North East, and North Wales to accelerate the transition to electric vehicles, and transforming national infrastructure to better support electric vehicles.
  5. Public transport, cycling and walking: Making cycling and walking more attractive ways to travel and investing in zero-emission public transport of the future.
  6. Jet Zero and greener maritime: Supporting difficult-to-decarbonise industries to become greener through research projects for zero-emission planes and ships.
  7. Homes and public buildings: Making homes, schools, and hospitals greener, warmer and more energy-efficient, whilst planning to create 50,000 jobs by 2030, and targets to install 600,000 heat pumps every year by 2028.
  8. Carbon capture: Developing the UK as a world-leader in technology to capture and store harmful emissions away from the atmosphere, with a target to remove 10MT of carbon dioxide by 2030, equivalent to all emissions of the industrial Humber today.
  9. Nature: Protecting and restoring the natural environment, planting 30,000 hectares of trees every year, whilst creating and retaining thousands of jobs.
  10. Innovation and finance: Developing the cutting-edge technologies needed to reach these new energy ambitions and make the City of London the global centre of green finance.

Boris Johnson supported his notions to make these advancements localised with aims to provide more opportunities to the British Public when stating; “Our green industrial revolution will be powered by the wind turbines of Scotland and the North East, propelled by the electric vehicles made in the Midlands and advanced by the latest technologies developed in Wales, so we can look ahead to a more prosperous, greener future.”

The Prime Minister has so far announced six forms of funding to support his ambitions;

  • An extra £200 million of new funding to create two carbon capture clusters by the mid-2020s, with another two set to be created by 2030. This increased the total invested to £1 billion, helping to support 50,000 jobs, in areas such as the Humber, Teesside, Merseyside, Grangemouth, and Port Talbot.
  • Up to £500 million worth of funding towards Hydrogen, including for trialing homes using hydrogen for heating and cooking, starting with a Hydrogen Neighbourhood in 2023, moving to a Hydrogen Village by 2025, with an aim for a Hydrogen Town – equivalent to tens of thousands of homes – before the end of the decade. Of this funding, £240 million will go into new hydrogen production facilities.
  • £525 million to help develop large and smaller-scale nuclear plants, and research and develop new advanced modular reactors

With more information expected soon on further funding to support the ‘Green Industrial Revolution’.

One of the most controversial declarations to follow Boris Johnson’s announcement was the claim on ending the sale of petrol and diesel cars ten years earlier than planned. Following extensive consultation with car manufacturers and sellers, the Prime Minister has confirmed that the UK will end the sale of all new petrol and diesel cars and vans by 2030, however still allowing the sale of Hybrid cars and vans until 2035. To support the acceleration of electric cars within Britain the PM announced; £1.3 billion to accelerate the rollout of charge points for electric vehicles in homes, streets, and motorways across England, so people can more easily and conveniently charge their cars. £582 million in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivise more people to make the transition. Nearly £500 million to be spent across the next four years for the development and mass-scale production of electric vehicle batteries, including a  launch of consultations on the phase of new diesel HGVs with aims to put the UK in the vanguard of zero-emission freight. And the provision of up to £1 billion as part of their commitment to boost international investment into strong manufacturing bases including in the Midlands and North East.

Many environmental advocates have supported the announcement. Julie Hirigoyen, Chief Executive of the UK Green Building Council stating; “We’re pleased to see the government bring forward a package of measures that begins to recognise the importance of a multi-faceted approach to tackling the climate crisis.”

If you have any queries about the impact that the Green Industrial Revolution may have on your business or the opportunities you may now face due to the additional funding in key areas, get in contact with us today, by calling +44 (0)207 060 0835, emailing info@animoassociates.com or filling out the contact form below, and one of our expert consultants will be happy advise you on best practice for your business.

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