UK to Spend $1.4B in Plan to Reach Net-Zero Carbon Emissions by 2050

The UK plans to spend the 1 billion pounds ($1.4 billion) to cut its carbon footprint, with plans to hit net-zero carbon emissions by the year 2050.

The plan would finance a overhaul of industrial production, schools and hospitals, and would be part of a much larger “green revolution” as the UK calls it. The spending bill will “make a considerable dent” in the amount of carbon put off by the UK said Business and Energy Secretary Kwasi Kwarteng in a public statement. 

Kwarteng would also go further to in his statement, saying that this plan “put (the UK) on track” to eliminating its total carbon emissions by the year 2050.

Money from the plan will help finance over 80,000 jobs for the next 30 years, with optimistic projections showing the UK could cut carbon emissions in half in 15 years. An additional 171 million pounds will be made available for similar projects in Wales, Scotland, North West, Humbler and Teeside.

This is in line with Prime Minister Boris Johnson’s “green revolution”, an initiative that Johnson says will make 12 billion pounds available and help create 250,000 specialized jobs.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.