UK Government Unveils Ambitious Green Energy Initiative
Prime Minister Keir Starmer announces multi-billion-pound plan to boost renewable energy and reduce reliance on fossil fuels.
- The government has allocated £8.3 billion over five years to fund domestic renewable energy projects through the new publicly owned body, Great British Energy.
- A partnership with the Crown Estate aims to develop offshore wind farms to generate up to 30 gigawatts of energy by 2030, enough to power nearly 20 million homes.
- The plan includes lifting the ban on new onshore wind farms in England and investing in sustainable aviation fuel plants.
- Officials project that the green energy shift will lower household energy bills by £300 annually, though they caution it will take time to realize these savings.
- Labour's initiative is part of a broader goal to achieve net zero carbon emissions by 2050 and decarbonize the electricity grid by 2030.
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