By Laura Kemp • 19 October 2021 • 16:38
The UK Prime Minister Boris Johnson announced at the Global Investment Summit in London today, October 19, a £400 million partnership with Bill Gates to boost green investment in the UK.
He pledges to “rapidly scale up” new clean technologies.
The British Government will go into partnership with Gates’ Breakthrough Energy Catalyst in order to boost the development of green energy. This is to be part of its goal for net-zero carbon emissions by 2050.
According to an emailed statement from the Department for International Trade The UK Government has already committed to at least £200 million to develop and deploy green technology projects and Gates’ programme will match that investment.
Gates’ programme focuses on green hydrogen, long-term energy storage, sustainable aviation fuels and systems for capturing CO2 directly from the air.
Johnson said that the partnership is “a boost to the UK’s vision for a green industrial revolution.”
“We will only achieve our ambitious climate goals if we rapidly scale up new technologies in areas like green hydrogen and sustainable aviation fuels – technologies that seemed impossible just a few years ago.”
The agreement comes ahead of the COP26 talks in Glasgow, where world leaders will come together to discuss climate change.
Johnson told Bloomberg News in an interview the summit would be “extremely tough.”
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Originally from UK, Laura is based in Axarquia and is a writer for the Euro Weekly News covering news and features.
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