Government promises to unleash net zero investment blitz with 10 Point Plan for a Green Industrial Revolution

Investment Week | Nov 18, 2020 at 8:13 AM
  • Prime Minister Boris Johnson has unveiled his much-vaunted ten-point green recovery plan, promising a multi-billion pound package of investment across the green economy designed to create an estimated 250,000 new jobs in the carbon capture, electric vehicle, nuclear, hydrogen and renewables sectors.
  • And in an op ed in an Financial Times this evening, Johnson stressed the critical role of the business community and technology developers in catalysing a green recovery and putting the UK on course to meet its net zero goal, and announced plans for a new Net Zero Taskforce of business leaders.
  • The government’s announcement also comes ahead of a report on Wednesday from consultancy giant PwC that estimates the UK requires an additional £400bn of investment in infrastructure over the next decade to put it on a trajectory to meet its 2050 net zero target.