GPS News  
ENERGY NEWS
UK readies 3.0bn pound recovery plan to green up economy
by Staff Writers
London (AFP) July 7, 2020

British finance minister Rishi Sunak will Wednesday unveil a mini-budget to help kickstart the UK economy following devastation wreaked by coronavirus fallout, featuring green investment worth 3.0-billion pounds ($3.7-billion, 3.3 billion euros).

Chancellor of the Exchequer Sunak hopes the plan will help to support more than 100,000 green jobs, including across the construction sector.

He will offer 2.0 billion pounds in grants for households to insulate homes and make them more energy efficient, the Treasury said in a statement Tuesday.

Sunak will also provide 1.0 billion pounds in green grants for public sector buildings, including hospitals, schools and social housing.

In England, the government aims to pay for at least two thirds of homeowner costs on green upgrades.

"As Britain recovers from the outbreak, it's vital we do everything in our power to support and protect livelihoods across the nation," Sunak said in the statement.

"Our green homes grant will not only cut families' bills by making their homes more energy efficient, it will also kick start our economy by creating thousands of green jobs -- and supporting those skilled tradespeople who are ready to work."

Households will be offered vouchers of up to 5,000 pounds to make their homes more energy efficient, while some of the poorest families will be given up to 10,000 pounds.

The plan is part also of Britain's long term pledge to reduce carbon emissions to net zero by 2050 to tackle climate change.

Prime Minister Boris Johnson has vowed that his Conservative administration will deliver an "infrastructure revolution" to help Britain build its way out of the economic devastation wreaked by the virus.

Recent official data showed that the UK economy suffered its biggest quarterly contraction for more than 40 years -- at minus 2.2 percent in the January-March period.

However, the data included only the first full week of the lockdown and economists expect subsequent damage to be considerably worse for the second quarter.

While Britain's nationwide locked is easing, with most pubs and hair salons reopening at the weekend for example, the central England city of Leicester is back on full lockdown after a new spike in virus cases.


Related Links



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


ENERGY NEWS
US energy laggards still not Paris compliant: analysis
Paris (AFP) June 23, 2020
US-based oil and gas majors are lagging well behind their European counterparts when it comes to plans for cutting emissions to comply with the Paris climate deal, according to analysis released Wednesday. The 2015 accord seeks to limit global temperature rises to "well below" two degrees Celsius (3.6 Farenheit) above pre-industrial levels through sweeping cuts in greenhouse gas emissions. Prompted by national commitments as part of the Paris deal, a number of large energy companies, including ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ENERGY NEWS
Nepal offers locust bounty as swarms threaten crops

Antibiotic use on crops isn't being monitored in most countries

U.S. beekeepers saw unsually high summertime colony losses in 2019

China dog meat festival goes ahead but virus takes a toll

ENERGY NEWS
Thermophones offer new route to radically simplify array design, research shows

DARPA Selects Teams to Increase Security of Semiconductor Supply Chain

New research advances Army's quest for quantum networking

Laser allows solid-state refrigeration of a semiconductor material

ENERGY NEWS
UN agency cuts airlines some slack on CO2 emissions

GE lands $101.3M to build engines for F-15EX aircraft

Bye Aerospace's eFlyer 2 technology demonstrator begins next phase of flight tests

Space tourists might rise above Earth with hydrogen balloons

ENERGY NEWS
Uber to buy Postmates to extend delivery footprint

Volvo recalls over 2 mn cars over seat belt fatigue

Elon Musk mocks regulators, short-sellers as Tesla soars

Prosecutors raid Continental in German 'dieselgate' probe

ENERGY NEWS
Malaysia vows WTO lawsuit against EU over palm oil

US House moves to toughen sanctions over Hong Kong law

Hong Kong businesses back new security law despite fears

US seizes Chinese products made from human hair in forced labor crackdown

ENERGY NEWS
Gold mining stunts Amazon rainforest recovery

Major land sales fueling tropical forest losses

When planting trees threatens the forest

Planting new forests is part of but not the whole solution to climate change

ENERGY NEWS
Study quantifies socioeconomic benefits of satellites for harmful algal bloom detection

NASA-NOAA's Suomi NPP Satellite Analyzes Saharan Dust Aerosol Blanket

Congratulations, TanDEM-X - 10 years of 3D mapping from space

Clouds make newer climate models more realistic, but also less certain

ENERGY NEWS
The smallest motor in the world

Crystalline 'nanobrush' clears way to advanced energy and information tech

Transporting energy through a single molecular nanowire

To make an atom-sized machine, you need a quantum mechanic









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.