It will examine a range of interventions, from making infrastructure investment more sustainable to scaling-up green mortgages.
Today’s Strategy fulfils the government’s ongoing commitment to demonstrate how it will continue to deliver carbon reductions.
The world is moving from being powered by polluting fossil fuels to clean energy.
It’s as big a change as the move from the age of steam to the age of oil and Britain is showing the way.
Going green is not only good for the environment: it is crucial for the future of the UK economy.It also reveals that in 2016, the UK achieved a decarbonisation rate of 7.7% - almost three times the global average.Jonathan Grant, Pw C sustainability director and Low Carbon Economy Index author, said: Analysis by Pw C shows that the UK leads the G20 on clean growth and is decoupling emissions from economic growth significantly faster than its peers.That £2.5 billion of existing government spending includes up to £505 million from the Department for Business, Energy and Industrial Strategy’s Energy Innovation Programme, which aims to accelerate the commercialisation of innovative clean energy technologies and processes.There are already more than 430,000 jobs in low carbon businesses and their supply chains.