The Secretary of State for Business, Energy and Industrial Strategy (Alok Sharma)

As we rebuild, we must build back better, greener, and faster. Our 10-point plan sets out ambitious policies and significant new public investment to allow the UK to forge ahead with eradicating its contribution to climate change by 2050. It presents a vision for the UK that is greener, more prosperous and at the forefront of industries for the future. Covering clean energy, buildings, transport, nature and innovative technologies, the plan will mobilise £12 billion of Government investment to create and support up to 250,000 highly skilled green jobs in the UK, and unlock three times as much private sector investment by 2030.

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. We will start this transformation with £250 million for local measures to increase cycling and walking this year, as part of our commitment to invest £2 billion in cycling and walking over this Parliament.

6. Jet zero and greener maritime: Supporting difficult-to-decarbonise industries to become greener through research projects for zero-emission planes and ships. We will run a £15 million competition to support the production of sustainable aviation fuels in the UK and invest £20 million into the clean maritime demonstration programme to test new fuels in shipping.

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. To accelerate the commercialisation of innovative low-carbon technologies, systems and processes we will launch the £1 billion net zero innovation portfolio. The portfolio will focus on 10 priority areas that correspond with the 10-point plan.

The plan marks the beginning of the UK’s path to net zero, and we will continue to build on it. Over the next year we will continue to bring forward ambitious proposals across the economy to cut emissions and secure long-term growth for the whole country, with the energy White Paper, and a net zero strategy, in the run up to the international COP 26 climate summit in Glasgow next year. The summit will bring together world leaders, climate experts, business leaders and citizens to agree ambitious action to tackle climate change.

Ahead of the summit, this 10-point plan demonstrates the UK’s significant and continuing commitment to tackling greenhouse gas emissions and sets the foundation to drive a green industrial revolution in the UK.

[Source]