Second wind for the Humber, Teesside and UK energy industry
£95 million government investment for 2 new offshore wind ports to be constructed in the Humber region and Teesside, creating 6,000 new jobs.
From:
10 March 2021
£95 million government investment for 2 new offshore wind ports to be constructed in the Humber region and Teesside, creating 6,000 new jobs
GE Renewable Energy first company confirmed to build new factory at the new Teesside port
first major step in delivering Prime Minister’s green pledge to provide enough energy from offshore wind to power every home in the UK by 2030
Two new ports on the Humber and on Teesside to build the next generation of offshore wind projects will be constructed as part of an up to £95 million investment to boost the UK’s world-leading industry and create 6,000 new jobs in the North, the government announced today (Thursday 11 March).
GE Renewables secures deal for new wind turbine plant in Teesside
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Offshore wind ports plan unveiled for Teesside and Humber
theiet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theiet.org Daily Mail and Mail on Sunday newspapers.
UK government to invest 95 million pounds in new offshore wind facilities
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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On 3 March 2021, Chancellor Rishi Sunak delivered the UK Budget 2021 (the Budget). Understandably, the Chancellor’s focus was on setting out the road map to the United Kingdom’s economic recovery from COVID-19. The Budget, however, was also an opportunity for the government to unveil spending plans to match its ambitious climate target: to reach net zero by 2050.
Several promising green economy measures were announced, as discussed below.
Green Finance
Some of the most-welcome measures announced were those related to sustainable finance.
The remit of the Bank of England’s Monetary Policy Committee was updated to include a duty to support the government’s net zero ambition - a significant move that should help to align monetary policy with sustainable growth. From its next scheduled round of investments in the fourth quarter of 2021, the Bank of England will adjust its approach to buying corporate bonds to a