U.K. Pledges 2.2 Billion Pounds for Clean Energy - BusinessWeek
The U.K. government pledged 2.2 billion pounds ($3.5 billion) for clean energy projects as it cut spending across other departments, saying it was safeguarding efforts to create jobs in new industries.
Chancellor of the Exchequer George Osborne earmarked as much as 1 billion pounds for a carbon capture and storage project that may go to Iberdrola SA and another 1 billion pounds for a Green Investment Bank. Another 200 million pounds will go for offshore wind technology and port facilities needed to handle the turbines.
“When money is short, we should ruthlessly prioritize those areas of public spending which are most likely to support economic growth, including investments in our transport and green energy infrastructure,” Osborne told Parliament today.
The measures were part of a broader package slashing 81 billion pounds of spending to curb a record budget deficit. Prime Minister David Cameron aims for his Conservative-led administration to be the “greenest” ever, targeting a 32 percent cut in CO2 emissions and 15 percent of U.K. energy coming from renewable sources by 2020.
Monday, October 25, 2010
Subscribe to:
Post Comments
(
Atom
)
Popular Posts Last Week
-
New York City's current and former mayors highlight the revitalization of lower Manhattan in the days leading up to the 10th anniversary...
-
In New Orleans: Recovering From a Post-Katrina 'Brain Drain' : News : Breaking : Climate Central
-
National Wildlife Federation Naturalist David Mizejewski explores the relationship between sea ice and polar bears. As continued global warm...
-
Coral reefs are becoming unproductive just when we need them the most. Reefs supply millions with food and other resources. This ecosystem i...
-
Whitelee is already Europe’s largest onshore wind farm. It creates enough electricity to power 180.000 homes. Once extended, it will be able...
-
Sheffield Wind, which will sell clean wind power to three Vermont utilities, is a part of the community. Find out how First Wind built the w...
-
"Just Science" by Novim highlights the easy-to-understand video map of climate change recently released by the Berkeley Earth Surf...
-
The unpiloted Progress 44 spacecraft scheduled to deliver three tons of food, fuel and other supplies to the International Space Station fai...
Popular Posts This Month
-
National Wildlife Federation Naturalist David Mizejewski explores the relationship between sea ice and polar bears. As continued global warm...
-
New York City's current and former mayors highlight the revitalization of lower Manhattan in the days leading up to the 10th anniversary...
-
In New Orleans: Recovering From a Post-Katrina 'Brain Drain' : News : Breaking : Climate Central
-
Mooi hoor. Het ziet er naar uit dat er eindelijk een einde komt aan de totale chaos van gestalde fietsen op en rond Utrecht Centraal Station...
-
At FOOMA JAPAN 2011, Furukawa Kikou demonstrated SWITL, a pick-up and conveyor system using unique technology. SWITL scoops up and moves mat...
-
Alaska Airlines says it, like the rest of the aviation industry, has done everything it can to improve fuel efficiency but that can only do ...
-
Scientists may have found the cause of the world’s sudden dwindling population of bees – and cell phones may be to blame. Research conduc...
-
De Commissie m.e.r. is van oordeel dat het programma voor het beheer van radioactief afval en verbruikte splijtstof effectiever ingezet kan ...
-
Oil giant Chevron ordered to pay $9 billion for pollution cleanup in Ecuador! After nearly 18 years of legal battles, the communities in Ecu...
Popular Posts All Time
-
National Wildlife Federation Naturalist David Mizejewski explores the relationship between sea ice and polar bears. As continued global warm...
-
New York City's current and former mayors highlight the revitalization of lower Manhattan in the days leading up to the 10th anniversary...
-
Leuk idee om de aandacht op een bedrijf te vestigen. Wire & Twine maakte een op zich mooi overzicht van 50 manieren waarmee ze u willen ...
-
In New Orleans: Recovering From a Post-Katrina 'Brain Drain' : News : Breaking : Climate Central
-
NS en Greenwheels lanceren samen de eerste twee Volkswagen e-Golfs. De elektrische deelauto’s zijn vanaf donderdag 13 september te vinden bi...
-
Hundreds of young people converged on the United Nations in New York today as the General Assembly kicked off a high-level meeting devoted t...
-
At IBM's THINK Forum in NYC, Joshua Cooper Ramo, Managing Director, Kissinger Associates comments on not letting the risks of a networke...
-
Persons with disabilities must enjoy full human rights and fundamental freedoms and enabling them to do so benefits society as a whole, Depu...
-
Bridget van Kralingen, General Manager, IBM North America discusses Making the World Work Better at the IBM THINK Forum
-
Never before has a time in history been so significant to so many cultures, religions, scientists and governments. Beyond 2012 looks past th...
No comments :
Post a Comment