Wednesday, 02 December, 2020


Britain announces biggest military investment in 30 years

Hydrogen specialists surge on Boris Johnson 'Green industrial revolution' will create 250000 jobs
Bennie Garza | 21 November, 2020, 19:36

He also said Britain will "establish a new world-leading industry in carbon capture and storage", backed by £1bn of state investment, while a £1bn energy innovation fund "will help commercialise new low-carbon technologies" and City of London will be transformed into "the global centre for green finance" through a sovereign bond, carbon offset markets and disclosure requirements.

In an address given remotely because he came into contact with someone who subsequently tested positive for the coronavirus, the prime minister said the armed forces will receive $21 billion over and above the government's earlier plan. Many, including Keir Starmer, the leader of the main opposition Labor Party, wondered where the money was coming from at a time when public finances have been battered by the costs associated with the coronavirus pandemic.

Boris Johnson wants every home in the country to be powered by offshore wind within 10 years.

The government is aiming to build a so-called "Hydrogen Neighbourhood" within three years, a "Hydrogen Village" by 2025, and a town of tens of thousands of homes using the gas by the end of the decade.

Investment will also be made in zero-emission public transport, alongside research into zero-emission planes and ships, and in making cycling and walking "more attractive".

"My 10-point plan will create, support and protect hundreds of thousands of green jobs, whilst making strides towards net zero by 2050".

Electric vehicles: Backing our world-leading auto manufacturing bases including in the West Midlands, North East and North Wales to accelerate the transition to electric vehicles, and transforming our national infrastructure to better support electric vehicles. "This country is, has been, and will remain one of the biggest contributors to aid on earth".

The government will also spend 525 million pounds on developing large and smaller-scale nuclear plants, and new advanced modular reactors, in a move likely to anger environmentalists.

Johnson had said in February his government would aim to end such sales by 2035, but will now only allow the sale of hybrid vehicles until that year. With this increase, the United Kingdom military will continue to be one of the finest fighting forces in the world.

£1.3 billion to accelerate the rollout of chargepoints for electric vehicles in homes, streets and on motorways across England, so people can more easily and conveniently charge their cars.

Britain is set to increase its defence budget by 16.5 billion pounds (USD 21.8 billion) in the next four years to deal with "perilous" worldwide situation and "bolster its global influence".

Johnson wouldn't say directly whether the government is set to abandon other financial commitments, but his comments appeared to signal a change in approach at the very least.

This marks the beginning of the UK's path to net zero, with further plans to reduce emissions whilst creating jobs to follow over the next year in the run up to the global COP26 climate summit in Glasgow next year.

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