The government has announced £40 million funding to help the UK’s most polluting industries cut their carbon emissions.
Businesses in energy-intensive sectors, including pharmaceuticals, steel, paper and food and drink, will be able to apply for grants worth up to £14 million through the government’s Industrial Energy Transformation Fund – totalling £289 million in funding up until 2024.
Solutions include using heat recovery technology to generate electricity and replacing gas with hydrogen fuel, which will help businesses cut energy costs, protect jobs, and improve air quality across the UK.
Energy Minister Anne-Marie Trevelyan said: “We can only achieve our ambitious plans to tackle climate change if everyone plays their part, including businesses large and small.”
Elmhurst Energy Consultancy welcomes the announcement of this funding, as it demonstrates that the most polluting industries are being targeted. Increasing the access to low-carbon solutions in these industries will be a crucial area in ensuring the UK can meet its commitment to achieve net zero carbon by 2050, given that industry accounts for roughly 18% of total UK emissions”.
Large UK companies must currently complete an annual Streamlined Energy and Carbon Report (SECR) detailing their energy and carbon emissions for the previous financial year. Contact the team to find out more about SECR:
Article published 18/02/21