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<p>In the Chemistry Council Strategy the sector has welcomed the UK Clean Growth Strategy
and its cost-effective approach to decarbonisation, including a joint Chemical Sector
Roadmap Action Plan, with its focus on low carbon opportunities while ensuring affordable
and internationally competitive energy.</p><p> </p><p>Since 2013 chemical sector businesses
have received have received more than £160 million under the EU’s Emmisions Trading
Scheme, Carbon Price Support, Renewables Obligation and Feed-In-Tariffs.</p><p> </p><p>The
chemical industry will have the opportunity to benefit from the new Industrial Energy
Transformation Fund announced in the Budget. This will help businesses, including
those in the chemical sector, that use large amounts of energy to transition to using
less.</p><p> </p><p>We anticipate that funding will be available for energy efficiency
investments for a range of technologies relevant to the chemical industry, including
more efficient compressors and pumps and transformative decarbonisation investments.</p><p>
</p><p>Funding, backed by £315 million new money, will be available from 2020/2021,
providing the Government time to consult on how the Fund should be implemented and
providing businesses, including those in the chemical sector, with the time to prepare
proposals.</p>
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