UK government pledges extra £170 million for low carbon technologies
Environment Secretary Hilary Benn Government announced an extra £170 million for the cross-Government Environmental Transformation Fund (ETF), meaning that investment in commercialising low-carbon technologies in the UK will top £370 million over the next three years.
Benn said that this new domestic element of the fund will invest in the demonstration and deployment of low carbon energy and energy efficiency technologies within England and the UK, to help reduce carbon emissions and improve the security of energy supply.
When added to the £800 million already announced for the fund's international element - to focus on protecting the environment and alleviating poverty in developing countries - the funding will bring total investment through the Environmental Transformation Fund to £1.2 billion between 2008 and 2011.
"The world needs major investment in technologies that will put us on the path to a low carbon economy. The policies and programmes we have in place to fight climate change will help drive investment in clean, renewable technologies, with benefits for jobs and Britain's economy. The funding we're announcing today will provide further support to that effort."
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Environment Secretary Hilary Benn said:
"The world needs major investment in technologies that will put us on the path to a low carbon economy. The policies and programmes we have in place to fight climate change will help drive investment in clean, renewable technologies, with benefits for jobs and Britain's economy. The funding we're announcing today will provide further support to that effort."
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