UK Clean Growth Strategy

Country / jurisdiction: United Kingdom · Year: 2017 · Status: In force · Level: National · Type: Voluntary

Key Policies and Proposals in the Strategy Accelerating Clean Growth 1. Develop world leading Green Finance capabilities, including by:

Setting up a Green Finance Taskforce to provide recommendations for delivery of the public and private investment we need to meet our carbon budgets and maximise the UK share of the global green finance market

Providing up to £20 million to support a new clean technology early stage investment fund

Working with mortgage lenders to develop green mortgage products that take account of the lower lending risk and enhanced repayment associated with more energy efficient properties Improving Business and Industry Efficiency -25% of UK Emissions 2. Develop a package of measures to support businesses to improve their energy productivity, by at least 20 per cent by 2030, including by:

Following the outcome of the independent review of Building Regulations and fire safety, and subject to its conclusions, we intend to consult on improving the energy efficiency of new and existing commercial buildings

Consulting on raising minimum standards of energy efficiency for rented commercial buildings

Exploring how voluntary building standards can support improvements in the energy efficiency performance of business buildings, and how we can improve the provision of information and advice on energy efficiency to SMEs 3. Establish an Industrial Energy Efficiency scheme to help large companies install measures to cut their energy use and bills 4. Publish joint industrial decarbonisation and energy efficiency action plans with seven of the most energy intensive industrial sectors 10.Innovation:

Invest around £162 million of public funds in research and innovation in Energy, Resource and Process efficiency, including up to £20 million to encourage switching to lower carbon fuels

Support innovative energy technologies and processes with £14 million of further investment through the Energy Entrepreneurs Fund Improving Our Homes -13% of UK Emissions Improving the energy efficiency of our homes 11.Support around £3.6 billion of investment to upgrade around a million homes through the Energy Company Obligation (ECO), and extend support for home energy efficiency improvements until 2028 at the current level of ECO funding 21.Innovation: Invest around £184 million of public funds, including two new £10 million innovation programmes to develop new energy efficiency and heating technologies to enable lower cost low carbon homes

Official source: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/700496/clean-growth-strategy-correction-april-2018.pdf