UK to unlock £90bn transition investment by 2030

Renewables, CCS, nuclear and hydrogen are all earmarked for government support, according to a recently published strategy

The UK has launched its long-awaited Net Zero Strategy, outlining investment and policy moves to reach net zero by 2050 and unlock £90bn ($124bn) in private investment by 2030. The UK aims to reduce emissions by 68pc, excluding international aviation and shipping, by 2030 as part of its Nationally Determined Contributions to the Paris Agreement. The new strategy also sets a budget for a 78pc reduction, including international aviation and shipping, by 2035. The government plans to increase R&D investment to £22bn, with £1.5bn for decarbonising power, building, industry, transport and natural resources in its next spending review in 2022. Power The UK aims to achieve a fully decarbonised