| answer text |
<p>Achieving Net Zero remains a priority and the Government will consider how transitioning
to a carbon neutral economy, creating new sources of competitive advantage in green
manufacturing and sustainable business, will feature in a post-COVID-19 economy. We
recognise that policies and measures to support low carbon technologies can be drivers
of economic growth and new jobs in the Wolverhampton South constituency and across
the UK, for example electric vehicle manufacturing in the Midlands.</p><p> </p><p>The
Government has just launched the Industrial Energy Transformation Fund, a scheme set
up to help businesses with high energy use to reduce energy bills and cut carbon emissions.
This scheme will support businesses to invest in energy efficient, low carbon technologies
and in doing so help to place industry on a path to a low carbon future.</p><p> </p><p>The
Industrial Clusters Mission will establish the world’s first net-zero carbon industrial
cluster by 2040 and at least one low-carbon cluster by 2030. To kick start the Mission,
we will be investing up to £170 million via the Industrial Decarbonisation Challenge
(IDC) fund to support the deployment of low-carbon technologies and enabling infrastructure
in one or more clusters.</p><p> </p><p>The Made Smarter Review found that greater
adoption and innovation of industrial digital technology in UK manufacturing could
deliver a 4.5% reduction in CO2 emissions and over £10 billion in reduced resource
costs. Through our Made Smarter programme, we are investing up to £167 million to
support digitalisation in UK manufacturing and through which we are already seeing
examples of the role digital technology plays in increasing the resilience of firms
in the sector.</p><p> </p><p>Finally, the BEIS Local Energy Programme is designed
to maximise local contribution to clean growth, decarbonisation, and to help reach
net zero targets. The programme works with Local Enterprise Partnerships, Local Authorities
and Communities in England to drive development of clean growth as a key part of Local
Industrial Strategies and support local clean growth investment. The key focus is
mobilisation of green finance to support projects at local level that wouldn’t otherwise
happen. The Local Energy Programme, which includes the Midlands Energy Hub, addresses
barriers to clean growth activity and equips areas to drive private sector investment
into clean growth across a pipeline of local projects.</p><p> </p>
|
|
