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<p>Under UK leadership at the G7, we have put Green Recovery from COVID-19 at the
top of the international agenda and secured historic commitments such as the first
ever ‘net zero G7’, with all countries committed to reaching net zero carbon emissions
by 2050. The G7 agreed to phase out new direct government support for fossil fuel
energy projects internationally, following a leading commitment made by the UK in
December, and G7 members will end all new direct government support for unabated international
thermal coal power generation by the end of 2021.</p><p><strong> </strong></p><p>In
order to deliver this, my Rt. Hon. Friend the Prime Minister’s Ten Point Plan brings
together £12 billion of government investment to unlock three times as much private
sector investment by 2030; and support up to 250,000 jobs across the UK by 2030. On
top of this, schemes such as the Contracts for Difference (CfD) incentivise investment.
Up to £557m of annual support for future Contracts for Difference has been committed,
providing renewables developers with the confidence they need to invest in bringing
forward new projects.</p><p> </p><p>We will build on this even further and deliver
a stronger, greener, more sustainable economy after this pandemic. We have started
with the Energy White Paper and Industrial Decarbonisation Plan, and we will continue
to set out further measures as in the run up to COP26, including publishing our Net
Zero Strategy.</p>
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