Government to announce £1bn fund to help reduce emissions

Funding given to industrial decarbonisation and reducing impact of schools and hospitals

The government will spend more than £1bn helping schools, hospitals and industry to reduce greenhouse gas emissions and encourage the growth of new low-carbon technologies in the UK, under plans set out on Wednesday.

Kwasi Kwarteng, secretary of state for business, energy and industrial strategy said: “We were the first major economy to put into law our target to end our contribution to climate change, and today we’re taking steps to be the first major economy to have its own low-carbon industrial sector. Ahead of Cop26 [the UN climate summit to be hosted in Glasgow this November], the UK is showing the world how we can cut emissions, create jobs and unleash private investment and economic growth.”

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