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£4bn pledge from government to support net zero journey

18 November 2020

Further to its 10-point plan to reach net zero carbon emissions by 2050, the government has said it will provide £4bn to support around 250,000 new jobs.

There has been considerable speculation on how the UK will achieve its zero carbon emissions, along with the potential benefits this could have on the economy and the workforce.

With the government also announcing it has brought the deadline for the sale of electric vehicles forward from 2035 to 2030, there is increasing evidence that changes within the UK will include the running of estates and facilities.

Considerable changes to infrastructure and energy usage and generation are required to achieve net zero carbon emissions.

This will include the use of more environmentally-friendly technology such as heat pumps, hydrogen and nuclear energy.

Wind and solar power is also likely to see more development and the government has outlined further investment in offshore wind farms.

Although the Committee on Climate Change estimates that achieving net zero carbon will cost £1trn over the next 30 years, the £4bn commitment by the government is seen as an initial investment that will attract many times that amount in private investment.

Many facilities have seen electric vehicle chargers installed and the installation of more will be a key focus in the lead up to the banning of the sale of petrol and diesel vehicles by 2030.

The use of more locally-produced energy is also likely to have implications for facilities and estates, including the use of batteries to store power and increased use of carbon capture technology.

PFM will continue to monitor announcements and report on further developments as the net zero carbon emissions movement continues.

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