Department of Energy and Climate Change
January 26
16:06
2016
- Committed to the first new nuclear plant for a generation at Hinkley Point C. It will power 6 million homes for 60 years and also provide 25,000 jobs giving the UK economy a huge boost.
- Boosting innovation funding to over 500m, including 250m for nuclear innovation and Small Modular Reactors.
- Confirmed we could support up to 10GW of new offshore wind projects in the 2020s, with a further three auctions in this Parliament if the Governments conditions on cost reduction are met.
- Set out world leading plans to close all unabated coal-fired power stations by 2025 if were confident that the shift to new gas can be achieved within the necessary timescales.
- Allocated 295 million to invest in energy efficiency measures in schools, hospitals and other local public services.
- Introduced a new energy efficiency supplier obligation for 5 years from April 2017 set at 640 million a year - helping more than 1 million homes cut carbon emissions and keep their bills low.
- Committed to more than double the support we give to households and businesses to decarbonise their heating supply in this Parliament (from 430 million to 1.15 billion).
- Allocated over 300 million to deliver up to 200 heat networks in communities, leveraging up to 2 billion in private investment.
- Announced a 50% increase in the UK climate finance commitment to a total of 5.8 billion over the next five years to help the poorest countries cut carbon emissions and adapt to climate change.
- Signed the Paris agreement, which sends a clear signal to business to invest in the low carbon transition.