Home World British Prime Minister Boris Johnson Outlines 30,000 Green Jobs Boost

British Prime Minister Boris Johnson Outlines 30,000 Green Jobs Boost


British Prime Minister Boris Johnson Outlines 30,000 Green Jobs Boost

British PM Boris Johnson said green investment is key to growing country’s economy.

London:

Spanish renewable energy giant Iberdrola has committed to invest 6 billion ($8.2 billion, 7.1 billion euros) to create Britain’s biggest offshore wind development, Prime Minister Boris Johnson and the company said on Monday.

Johnson said the project off the east coast of England, involving Iberdrola subsidiary Scottish Power, would supply enough energy to power 2.7 million homes, and create 7,000 jobs.

The project still requires planning consent. It is one of 18 deals worth a total of 9.7 billion and creating a potential 30,000-plus jobs to be formally announced at a UK Global Investment Summit to support green growth on Tuesday.

Iberdrola chairman Ignacio Galan said the investment would be a “significant step to achieving enough offshore wind to power every UK home by 2030”.

Johnson, who has outlined plans for Britain to reach net-zero carbon emissions by 2050, is keen to burnish his green credentials as he prepares to host world leaders at a crunch UN climate change summit in Glasgow next month.

The COP26 conference is being seen as a last chance to nail down tougher emissions targets to prevent runaway global warming.

The British leader also sees green investment as key to growing the country’s economy after the coronavirus pandemic and Brexit.

“The fantastic 9.7 billion of new investment we have secured today will power our economic recovery, creating thousands of jobs and helping to level up across the country,” he said.

According to Downing Street, other deals to be announced include the development of net-zero warehouses supporting some 14,000 jobs in a 1.5-billion scheme by US investment group Prologis.

Its chief executive Hamid Moghadam said private-sector innovation had “a major role in overcoming the environmental challenges the world faces today”.

Other deals include Turkish company Getir expanding its “sustainable” grocery delivery service across Britain, creating 7,000 permanent jobs next year.

Turkish-owned Eren Paper will produce cardboard from paper waste in Wales, while 100 million will be pumped into hydrogen generation to fuel production at the Budweiser Brewing Group, as well as its lorries and forklift trucks.

Some 200 global business leaders are expected to attend the summit, including Microsoft founder-turned-philanthropist Bill Gates, and JPMorgan Chase chief executive Jamie Dimon.

Johnson’s government will announce its net-zero strategy this week, his office said, focusing on measures to develop a home-grown clean energy sector.

The prime minister wants Britain to shift all of its energy production to renewable sources, including offshore wind, by 2035.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)



Source link

RELATED ARTICLES

China’s Taiwan Jet Incursions At Second-Highest Level In November

<!-- -->Beijing has ramped up pressure on Taiwan since President Tsai Ing-wen came to power in 2016.Taipei, Taiwan: Chinese warplanes made 159 incursions...

CNN Suspends Anchor Chris Cuomo, Says He Helped His Brother, New York Ex-Governor Andrew Cuomo

<!-- -->Chris Cuomo is under scrutiny for his involvement in his brother's defense.New York, United States: CNN said Tuesday it had indefinitely suspended...

Joe Biden To Review Travel Ban Over ‘Omicron’ Weekly

<!-- -->Omicron Variant: US President Joe Biden said he would decide on a weekly basis on travel ban. (File)Washington: President Joe Biden on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Buckwheat for winters: Health Benefits Of Adding Buckwheat To Your Diet And 5 Recipes

Are you planning to make your meals more winter-friendly? Then, buckwheat should be your pick. Buckwheat is a far better alternative to wheat...

How Indian Games Ludo Star, Parchisi Star Built an Audience of Six Million Players Every Day

Gameberry Labs, an Indian gaming startup, is making massive headway globally with two of its popular mobile games – Ludo Star and Parchisi...

Peru Archeologists Find Mummy Up To 1,200 Years Old

<!-- -->The remains are thought to be of a man aged 18-22 at the time of his death.Lima, Peru: Archeologists in Peru working...

Arrivals “Smooth”, Says Delhi Airport As New Rules Over Omicron Begin

<!-- -->In Delhi, positive travellers will be shifted to Lok Nayak Jai Prakash Hospital.New Delhi: The Delhi airport tweeted this morning that operations...

Recent Comments