The UK is today leading a global agreement to make green technologies cheaper and more accessible around the world, while also creating green jobs for generations both at home and abroad, Grant Shapps said today (11 November).
Speaking at the COP27 negotiations in Egypt, the Business Secretary announced over £65 million investment to help speed up the development of new green technologies – backed by the talent and expertise of British business.
This builds on the legacy of COP26 in Glasgow, where the UK founded a coalition of countries to scale and speed up the development and deployment of clean technologies and drive down costs this decade, known as the Breakthrough Agenda.
Mr Shapps said it will be the efforts of entrepreneurs, innovators and the international community that will help cut global emissions in the coming decade and achieve net zero by 2050 – something today’s investments will help achieve.
These measures will help expand a whole global market in clean energy technologies, making them accessible and affordable to developing countries – and enabling UK companies to share their talent and expertise in this vital and growing industry.
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